UTGST exemption for license or lease services to explore or mine petroleum where consideration is Central Government's share of profit petroleum. The Central Government exempts from Union territory tax the intra State supply of services by way of grant of license or lease to explore or mine petroleum crude or natural gas to the extent the tax is leviable on the consideration paid to the Central Government that is defined in the contract as the Central Government's share of profit petroleum.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
UTGST exemption for license or lease services to explore or mine petroleum where consideration is Central Government's share of profit petroleum.
The Central Government exempts from Union territory tax the intra State supply of services by way of grant of license or lease to explore or mine petroleum crude or natural gas to the extent the tax is leviable on the consideration paid to the Central Government that is defined in the contract as the Central Government's share of profit petroleum.
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