Exemption of IGST on Central Government's share of profit petroleum removes integrated tax on consideration under exploration/mining leases. Exempts from integrated tax the Central Government's share of profit petroleum paid as consideration under contracts granting licenses or leases to explore for or mine petroleum crude or natural gas, applying to the inter State supply of services by way of such grants and limited to the amount 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.
Exemption of IGST on Central Government's share of profit petroleum removes integrated tax on consideration under exploration/mining leases.
Exempts from integrated tax the Central Government's share of profit petroleum paid as consideration under contracts granting licenses or leases to explore for or mine petroleum crude or natural gas, applying to the inter State supply of services by way of such grants and limited to the amount defined in the contract as the Central Government's share of profit petroleum.
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