Exemption on the consideration paid to central government in case of license lease for crude or natural gas. - (GHN-17)GST-2018/S.11(1)(25)-TH-05/2018-State Tax (Rate) - Gujarat SGST

NOTIFICATION FINANCE DEPARTMENT. Sachivalaya, Gandhinagar. Notification No. 05/2018-State Tax (Rate) Dated the 25th January, 2018 No.(GHN-17)GST-2018/S.11(1)(25)-TH:- In exercise of the powers conferred by sub-section (1) of section 11 of the Gujarat Goods and Services Tax Act, 2017 (Guj.25 of 2017), the Government of Gujarat, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby exempts the intra-State supply of services by way of grant of license or lease to explore or mine petroleum crude or natural gas or both, from so much of the State tax as is leviable on the consideration paid to the Central Government in the form of Central Government s share of profit petroleum as defined in the contract entered into by the Central Government in this behalf. By order and in the name of the Governor of Gujarat, C J Mecwan Joint Secretary to Government.