Tax treatment for disposed non-serviceable hydrocarbon goods: option to pay concessional tax on production of authorised mutilation certificate. The notification now expressly covers petroleum operations and coal bed methane operations under HELP or OALP. It allows the recipient or transferee, where supplied goods are disposed of in non-serviceable form after mutilation, to elect to pay tax at a concessional rate on transaction value if they furnish a certificate from a duly authorised officer of the Directorate General of Hydro Carbons to the relevant Deputy or Assistant Commissioner of Central or State Tax confirming the goods are non-serviceable and mutilated.
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 treatment for disposed non-serviceable hydrocarbon goods: option to pay concessional tax on production of authorised mutilation certificate.
The notification now expressly covers petroleum operations and coal bed methane operations under HELP or OALP. It allows the recipient or transferee, where supplied goods are disposed of in non-serviceable form after mutilation, to elect to pay tax at a concessional rate on transaction value if they furnish a certificate from a duly authorised officer of the Directorate General of Hydro Carbons to the relevant Deputy or Assistant Commissioner of Central or State Tax confirming the goods are non-serviceable and mutilated.
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