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of <h1>India Revises CGST Rate for Exploration Sector Supplies from 2.5% to 6%, Effective July 18, 2022, per 2017 Act.</h1> The Government of India has amended notification No. 3/2017-Central Tax (Rate) to revise the concessional Central Goods and Services Tax (CGST) rate for supplies to the Exploration and Production sector from 2.5% to 6%. This change, made under the Central Goods and Services Tax Act, 2017, will take effect on July 18, 2022. The amendment was published in the Gazette of India and follows recommendations from the Council. The original notification was last amended on September 30, 2019.
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