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. - FTX.56/2017/Pt-III/074 (05/2018) - Assam SGST

GOVERNMENT OF ASSAM ORDERS BY THE GOVERNOR FINANCE (TAXATION) DEPARTMENT NOTIFICATION No. 05/2018 The 21st February, 2018 No. FTX.56/2017/Pt-III/074 .-In exercise of the powers conferred by sub-section (1) of section 11 of the Assam Goods and Services Tax Act, 2017 (Assam Act No. XXVIII of 2017), the Governor of Assam, 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. This notification shall be deemed to have come into force with effect from the 25th day of January, 2018. V. B. PYARELAL, Additional Chief Secretary to the Government of Assam, Finance Department.