Amendment in Notification G.O.(P) No.64/2017/TAXES, dated 30th June, 2017 - S. R. O. No. 708/2022 - Kerala SGST

GOVERNMENT OF KERALA Taxes (B) Department NOTIFICATION G.O.(P) No.87/2022/TAXES. Dated, Thiruvananthapuram, 18th July, 2022 2nd Karkadakam, 1197 S. R. O. No. 708/2022 In exercise of the powers conferred by sub-section (1) of section 11 of the Kerala State Goods and Services Tax Act, 2017 (20 of 2017), the Government of Kerala, on the recommendations of the Council, hereby makes the following further amendments in the notification issued under G.O.(P) No.64/2017/TAXES, dated 30th June, 2017 and published as S.R.O. No. 362/2017 in the Kerala Gazette Extraordinary No. 1352 dated 30th June, 2017, namely, in the said notification, in the TABLE, against Sl. No. 1, for the entry in column (4), the entry 6% shall be substituted. 2. This notification shall come into force on the 18th day of July, 2022. By order of the Governor, RAJESH KUMAR SINGH, Additional Chief Secretary to Government. Explanatory Note (This does not form part of the notification, but is intended to indicate its general purport.) The Government of Kerala had exempted the State tax leviable in excess of two and half percent on the supply of goods specified in connection with (i) petroleum operations undertaken under petroleum exploration licenses or mining leases, granted by the Government of India or any State Government to the oil and Natural Gas Corporation or Oil India Limited on nominations basis, or (ii) Petroleum operations undertaken under specified contracts, or (iii) Petroleum operations undertaken under specified contracts under the New Exploration Licensing Policy, or (iv) Petroleum operations undertaken under specified contracts under the Marginal Field Policy (MFP), or (v) Coal bed methane operations undertaken under specified contracts under the Coal Bed Methane Policy etc., subject to certain conditions as per the notification issued under G.O. (P) No. 64/2017/ TAXES, dated 30th June, 2017 and published as S.R.O. No. 362/2017 in the Kerala Gazette Extraordinary No. 1352 dated 30th June, 2017. Now, on the recommendation of the Goods and Services Tax Council, the Government of Kerala have decided to exempt the state leviable in excess of six percent on the supply of said goods. The notification is intended to achieve the above object.