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
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State tax exemption for profit petroleum consideration removes levy on intra State licensing or leasing for petroleum exploration. Exemption of state tax applies to intra State supply of services by way of grant of license or lease to explore or mine petroleum crude or natural gas, to the extent of the consideration paid to the Central Government as its share of profit petroleum as defined in the contract entered into by the Central Government.
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.
State tax exemption for profit petroleum consideration removes levy on intra State licensing or leasing for petroleum exploration.
Exemption of state tax applies to intra State supply of services by way of grant of license or lease to explore or mine petroleum crude or natural gas, to the extent of the consideration paid to the Central Government as its share of profit petroleum as defined in the contract entered into by the Central Government.
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