Tax treatment for non-serviceable hydrocarbon goods: recipient or transferee may opt to pay a reduced tax rate upon certificate production. The amendment adds petroleum operations and coal bed methane operations under HELP or OLAP to SRO-GST-3. It also permits the recipient or transferee, when goods are disposed of in non-serviceable form after mutilation, to opt to pay tax at a concessional rate on the transaction value provided they produce to the jurisdictional tax officer a certificate from a duly authorised officer of the Directorate General of Hydrocarbons 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 non-serviceable hydrocarbon goods: recipient or transferee may opt to pay a reduced tax rate upon certificate production.
The amendment adds petroleum operations and coal bed methane operations under HELP or OLAP to SRO-GST-3. It also permits the recipient or transferee, when goods are disposed of in non-serviceable form after mutilation, to opt to pay tax at a concessional rate on the transaction value provided they produce to the jurisdictional tax officer a certificate from a duly authorised officer of the Directorate General of Hydrocarbons confirming the goods are non-serviceable and mutilated.
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