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Exemption of intra-State supply of services by way of grant of license or lease to explore or mine petroleum crude or natural gas or both, from so much of the State Tax as is leviable on the consideration paid to the Government in the form of Government’s share of profit Petroleum. - 2234-FIN-CT1-TAX-0043/2017-S.R.O. No. 42/2018 - Orissa SGST
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Exemption of intra State services for petroleum exploration licenses: State tax not leviable on Central Government's share of profit petroleum. Exemption applies to intra State supply of services by way of grant of license or lease to explore or mine petroleum crude or natural gas, relieving such supplies from State tax only to the extent the tax would be leviable on consideration paid to the Central Government characterized 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 intra State services for petroleum exploration licenses: State tax not leviable on Central Government's share of profit petroleum.
Exemption applies to intra State supply of services by way of grant of license or lease to explore or mine petroleum crude or natural gas, relieving such supplies from State tax only to the extent the tax would be leviable on consideration paid to the Central Government characterized in the contract as the Central Government's share of profit petroleum.
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