Tax treatment for mutilated goods: option to pay reduced tax on non-serviceable disposals with specified certification. The notification expands covered activities to include petroleum and coal bed methane operations under HELP or OALP, and adds a proviso permitting the recipient or transferee to opt to pay tax at a reduced rate on the transaction value of goods disposed of in non-serviceable form after mutilation, subject to producing to the jurisdictional tax officer a certificate from a duly authorised officer of the Directorate General of Hydro Carbons certifying that the goods are non-serviceable and were mutilated prior to disposal.
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Provisions expressly mentioned in the judgment/order text.
Tax treatment for mutilated goods: option to pay reduced tax on non-serviceable disposals with specified certification.
The notification expands covered activities to include petroleum and coal bed methane operations under HELP or OALP, and adds a proviso permitting the recipient or transferee to opt to pay tax at a reduced rate on the transaction value of goods disposed of in non-serviceable form after mutilation, subject to producing to the jurisdictional tax officer a certificate from a duly authorised officer of the Directorate General of Hydro Carbons certifying that the goods are non-serviceable and were mutilated prior to disposal.
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