Notification under section 11(1) of Rajasthan Goods and Services Tax Act, 2017 regarding partial exemption of tax on goods required for petroleum operations or coal bed methane operations https://www.taxtmi.com/notifications?id=120591 Partial State GST exemption limits tax to 2.5% on specified goods used in petroleum or coal bed methane operations, subject to conditions. Eligible goods are listed and recipients must be licensees, contractors or bona fide sub contractors engaged under specified licences/contracts. Certification from the Directorate General of Hydrocarbons is required at supply; sub contractors need additional affidavit and principal undertakings. Transfers need fresh certification and undertakings; disposal of goods may attract tax on depreciated value calculated by prescribed quarterly rates up to a 70% cap. en-us Thu, 29 Jun 2017 00:00:00 +0530 Fri, 14 Jul 2017 14:20:00 +0530 TaxTMI RSS Generator Notification under section 11(1) of Rajasthan Goods and Services Tax Act, 2017 regarding partial exemption of tax on goods required for petroleum operations or coal bed methane operations https://www.taxtmi.com/notifications?id=120591 Partial State GST exemption limits tax to 2.5% on specified goods used in petroleum or coal bed methane operations, subject to conditions. Eligible goods are listed and recipients must be licensees, contractors or bona fide sub contractors engaged under specified licences/contracts. Certification from the Directorate General of Hydrocarbons is required at supply; sub contractors need additional affidavit and principal undertakings. Transfers need fresh certification and undertakings; disposal of goods may attract tax on depreciated value calculated by prescribed quarterly rates up to a 70% cap. Notifications GST - States Thu, 29 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/notifications?id=120591