Notification No. 03/2017
Date: June 28, 2017
Subject: Concessional GST rate on goods required for petroleum and coal bed methane operations.
Description:
This notification provides a concessional CGST rate of 2.5% on specified goods required for petroleum exploration, mining, production and coal bed methane operations undertaken under licences, leases or contracts approved by the Government of India. The concession is subject to stringent certification, end-use and transfer conditions prescribed in the notification.
Issued for earlier notification?
No — issued as an independent concessional rate notification under section 11(1).