Tag: Tax Credit

Offshore work contracts for oil, gas exploration to attract 12% GST: Govt

New Delhi: While works contract services relating to oil and gas exploration in the offshore areas beyond 12 nautical miles shall attract 12 per cent GST, the transportation of natural gas through pipeline will attract 5 per cent GST without input tax credit, Finance Ministry said on Wednesday. “Offshore works contract services and associated services […]

  • Tuesday, 06 July 2021
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