Central Governments share of profit petroleum intra-State supply of services by way of grant of license or lease to explore or mine petroleum crude or natural gas or both - 05/2018- State Tax (Rate) - Delhi SGST

Delhi Govt Exempts State Tax on Services for Petroleum Exploration Licenses, Effective January 25, 2018, under GST Act.

The Government of the National Capital Territory of Delhi issued Notification No. 05/2018 under the Delhi Goods and Services Tax Act, 2017, exempting the intra-State supply of services related to the grant of licenses or leases for exploring or mining petroleum crude or natural gas from state tax. This exemption applies to the portion of the consideration paid to the Central Government as its share of profit petroleum, as defined in relevant contracts. This measure, recommended by the Council, is deemed necessary in the public interest and took effect on January 25, 2018.