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    <title>Special provision for retrospective exemption from service tax on Government’s share of profit petroleum.</title>
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    <description>Exemption from service tax applies to the Government&#039;s share of profit petroleum received as consideration for grants of license or lease to explore or mine petroleum crude or natural gas for 1 April 2016 to 30 June 2017; no service tax shall be levied or collected on such consideration. Refunds are available for tax collected that would not have been collectible had the exemption been in force, subject to a six month claim period from assent of the Finance Bill, 2018, and the omitted Chapter V is deemed to apply retrospectively for refund purposes.</description>
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      <title>Special provision for retrospective exemption from service tax on Government’s share of profit petroleum.</title>
      <link>https://www.taxtmi.com/acts?id=32108</link>
      <description>Exemption from service tax applies to the Government&#039;s share of profit petroleum received as consideration for grants of license or lease to explore or mine petroleum crude or natural gas for 1 April 2016 to 30 June 2017; no service tax shall be levied or collected on such consideration. Refunds are available for tax collected that would not have been collectible had the exemption been in force, subject to a six month claim period from assent of the Finance Bill, 2018, and the omitted Chapter V is deemed to apply retrospectively for refund purposes.</description>
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      <pubDate>Mon, 19 Mar 2018 15:52:19 +0530</pubDate>
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