https://www.taxtmi.com/notifications?id=120695 A concessional 2.5% state tax rate applies to intra State supplies of goods listed in the annexure when used for petroleum exploration, production or coal bed methane operations and supplied to licensees, contractors or sub contractors. Eligibility requires production of certificates from the Directorate General of Hydrocarbons and, for sub contractors, affidavits and undertakings; transfers to other contractors/sub contractors require additional certification and undertakings. On disposal, tax may be paid on the depreciated value computed by specified quarterly straight line rates, subject to a maximum residual cap. en-us Wed, 28 Jun 2017 00:00:00 +0530 Tue, 18 Jul 2017 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=120695 A concessional 2.5% state tax rate applies to intra State supplies of goods listed in the annexure when used for petroleum exploration, production or coal bed methane operations and supplied to licensees, contractors or sub contractors. Eligibility requires production of certificates from the Directorate General of Hydrocarbons and, for sub contractors, affidavits and undertakings; transfers to other contractors/sub contractors require additional certification and undertakings. On disposal, tax may be paid on the depreciated value computed by specified quarterly straight line rates, subject to a maximum residual cap. Notifications GST - States Wed, 28 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/notifications?id=120695