Important Keyword: Section 6(1) IGST Act 2017, F. No.354/13/2018 -TRU, Notification No. 5/2018 – Integrated Tax (Rate).
[F. No.354/13/2018 -TRU]
Government of India
Ministry of Finance
(Department of Revenue)
New Delhi, the 25th January, 2018
Notification No. 5/2018 – Integrated Tax (Rate)
Table of Contents
GST: [TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]
G.S.R (E).- In exercise of the powers conferred by sub-section (1) of section 6 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), the Central Government, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council,
Hereby exempts the inter-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 integrated 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.
(Ruchi Bisht)
Under Secretary to the
Government of India
Download Pdf: https://taxinformation.cbic.gov.in/
GST Section 74. Determination of tax 2[, pertaining to the period up to Financial Year 2023-24,] not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised by reason of fraud or any willful- misstatement or suppression of facts.-
Section 73. Determination of tax 1[, pertaining to the period up to Financial Year 2023-24,] not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised for any reason other than fraud or any willful-misstatement or suppression of facts.-
Section 72. Officers to assist proper officers.-
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