Exemption of state tax on Central Government's share of profit petroleum for exploration and mining leases. Exemption is provided from state tax on intra State supply of services by way of grant of license or lease to explore or mine petroleum crude or natural gas, limited to the state tax leviable on the consideration paid to the Central Government as its contractual 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 state tax on Central Government's share of profit petroleum for exploration and mining leases.
Exemption is provided from state tax on intra State supply of services by way of grant of license or lease to explore or mine petroleum crude or natural gas, limited to the state tax leviable on the consideration paid to the Central Government as its contractual share of profit petroleum.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.