Exemption on the consideration paid to central government in case of license lease for crude or natural gas. - (GHN-17)GST-2018/S.11(1)(25)-TH-05/2018-State Tax (Rate) - Gujarat SGST
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Tax exemption on profit petroleum share excludes State GST on intra State licenses and leases for oil and gas exploration. Exempts the intra State supply of services consisting of grant of license or lease to explore or mine petroleum crude or natural gas from State tax to the extent the consideration paid to the Central Government is its contractually defined 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.
Tax exemption on profit petroleum share excludes State GST on intra State licenses and leases for oil and gas exploration.
Exempts the intra State supply of services consisting of grant of license or lease to explore or mine petroleum crude or natural gas from State tax to the extent the consideration paid to the Central Government is its contractually defined share of profit petroleum.
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