Exemption of state tax on central government's share of profit petroleum for intra State exploration and mining licenses. The State exempts intra State supply of services by way of grant of license or lease to explore or mine petroleum crude or natural gas from State tax to the extent that tax is leviable on the consideration paid to the Central Government as its share of profit petroleum as defined in the contract.
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 intra State exploration and mining licenses.
The State exempts intra State supply of services by way of grant of license or lease to explore or mine petroleum crude or natural gas from State tax to the extent that tax is leviable on the consideration paid to the Central Government as its share of profit petroleum as defined in the contract.
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