Exemption of Central Government's share of Profit Petroleum from Central tax - ERTS(T) 65/2017/Pt/218-005/2018 - Meghalaya SGST

GOVERNMENT OF MEGHALAYA EXCISE, REGISTRATION, TAXATION STAMPS DEPARTMENT Notification No. 5/2018 Dated Shillong, the 25 th Jan, 2018. No. ERTS(T) 65/2017/Pt/218 - In exercise of the powers conferred by sub-section (1) of section 11 of the Meghalaya Goods and Services Tax Act, 2017 (Act No. 10 of 2017), the Government of Meghalaya, 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. Sd/- P. W. Ingoty Additional Chief Secretary to the Government of Meghalaya Excise, Registration, Taxation Stamps Department. Memo No. ERTS (T) 65/2017/Pt/218-A Dated Shillong, the 25th Jan, 2018