Notification No. 05/2018
Date: January 25, 2018
Subject: Exemption of IGST on Central Government’s share of profit petroleum
Description:
This notification exempts inter-State supply of services by way of grant of licence or lease to explore or mine petroleum crude or natural gas from IGST, to the extent of consideration paid as the Central Government’s share of profit petroleum. The exemption applies only to the profit petroleum component as defined in the production sharing contract. The measure avoids double taxation on government revenue share.
Issued for earlier notification?
No — this is an independent exemption notification
Other Notifications
04/2018
This notification notifies specified classes of registered persons under section...
Read More64/2019
The time limit for furnishing details of outward supplies in FORM GSTR-1 for Oct...
Read More44/2019
This notification specifies that FORM GSTR-3B for each month from October 2019 t...
Read More