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 - 5/2018 – State Tax (Rate) - Telangana SGST

GOVERNMENT OF TELANGANA REVENUE (COMMERCIAL TAXES-II) DEPARTMENT G.O.Ms.No. 46 Dated: 28-02-2018 NOTIFICATION No. 5/2018 State Tax (Rate) In exercise of the powers conferred by sub-section (1) of section 11 of the Telangana Goods and Services Tax Act, 2017 (Act No.23 of 2017), the State Government, 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 Government in the form of Government s share of profit petroleum. 2. This notification shall be deemed to have come into force with effect from 25th day of January, 2018. (BY ORDER AND IN THE NAME OF THE GOVERNOR OF TELANGANA) SOMESH KUMAR PRINCIPAL SECRETARY TO GOVERNMENT