Tax notification corrigendum clarifies profit petroleum treatment and corrects item descriptions in SGST rate schedule. Corrigendum inserts a clarifying definition after 'profit petroleum' to include consideration paid to the Central Government as its share of profit petroleum as defined in the contract. It also amends Notification No. 6/2018 rate entries: A(vi) now reads 'Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork' instead of 'All goods'; C(ii) and C(iv) remove bracketed punctuation for 'boiled confectionery' and 'Phosphoric acid' respectively; and D(i) adjusts the punctuation for 'Bio-fuels].'
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Tax notification corrigendum clarifies profit petroleum treatment and corrects item descriptions in SGST rate schedule.
Corrigendum inserts a clarifying definition after "profit petroleum" to include consideration paid to the Central Government as its share of profit petroleum as defined in the contract. It also amends Notification No. 6/2018 rate entries: A(vi) now reads "Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork" instead of "All goods"; C(ii) and C(iv) remove bracketed punctuation for "boiled confectionery" and "Phosphoric acid" respectively; and D(i) adjusts the punctuation for "Bio-fuels]."
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