Tax exemption for central government's share of profit petroleum: state GST not leviable on consideration paid under exploration leases. Exemption is provided for intra State supply of services by way of grant of licence or lease to explore or mine petroleum crude or natural gas, to the extent of State tax leviable on the consideration paid to the Central Government as the Central Government's share of profit petroleum as defined in the contract, exercised under section 11(1) of the Meghalaya Goods and Services Tax Act on Council recommendation and in the public interest.
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 for central government's share of profit petroleum: state GST not leviable on consideration paid under exploration leases.
Exemption is provided for intra State supply of services by way of grant of licence or lease to explore or mine petroleum crude or natural gas, to the extent of State tax leviable on the consideration paid to the Central Government as the Central Government's share of profit petroleum as defined in the contract, exercised under section 11(1) of the Meghalaya Goods and Services Tax Act on Council recommendation and in the public interest.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
