GST Amendments: Inclusion of Petroleum Operations and Coal Bed Methane

Central Government, under CGST Act, 2017, amends notification 3/2017-Central Tax (Rate). Recommendation from the Council leads to changes effective from October 1, 2019.

Notification adds "Petroleum operations or coal bed methane operations" under specified contracts.

Provision inserted allowing tax payment at 9% for disposal of goods in non-serviceable form, with mutilation.

Certificate from Directorate General of Hydro Carbons required for tax exemption on non-serviceable goods.

Ruchi Bisht, Under Secretary to the Government of India, issues the notification. Aimed at aligning tax regulations with evolving energy sector practices under HELP or OALP.