Exemption for profit petroleum: CGST does not apply to Central Government's contractual share paid under petroleum exploration leases. Exempts from central tax the intra State supply of services by way of grant of license or lease to explore or mine petroleum crude or natural gas where the consideration paid to the Central Government is characterized in the contract as the Central Government's share of profit petroleum, removing CGST liability on that specific contractual form of consideration.
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.
Exemption for profit petroleum: CGST does not apply to Central Government's contractual share paid under petroleum exploration leases.
Exempts from central tax the intra State supply of services by way of grant of license or lease to explore or mine petroleum crude or natural gas where the consideration paid to the Central Government is characterized in the contract as the Central Government's share of profit petroleum, removing CGST liability on that specific contractual form of consideration.
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