State GST exemption threshold raised for specified petroleum and coal-bed methane supplies, expanding exempt state-tax liability. Amendment to G.O.(P) No.64/2017 substitutes the entry in column (4) against Sl. No. 1 to read '6%', so that the State GST leviable in excess of six percent on supplies connected with petroleum operations and coal bed methane operations undertaken under specified licences or contracts is governed by the revised exemption; the amendment is effective 18 July 2022 and applies subject to the conditions in the original notification.
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Provisions expressly mentioned in the judgment/order text.
State GST exemption threshold raised for specified petroleum and coal-bed methane supplies, expanding exempt state-tax liability.
Amendment to G.O.(P) No.64/2017 substitutes the entry in column (4) against Sl. No. 1 to read "6%", so that the State GST leviable in excess of six percent on supplies connected with petroleum operations and coal bed methane operations undertaken under specified licences or contracts is governed by the revised exemption; the amendment is effective 18 July 2022 and applies subject to the conditions in the original notification.
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