Integrated Goods and Services Tax Act, 2017 (13 of 2017), the Central Government, on the recommendations of the Council, hereby notifies the rate of the integrated tax.
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)
Notification No. 3/2017-Integrated Tax (Rate)
New Delhi, the 28th June, 2017
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, being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby exempts inter-State supplies of goods, the description of which is specified in column (3) of the Table below read with relevant List appended hereto and falling under the tariff item, sub-heading, heading or Chapter, as the case may be, as specified in the corresponding entry in column (2) of the said Table, from so much of the integrated tax leviable thereon under section 5 of the Integrated Good and Services Tax Act, 2017 (13 of 2017) as is in excess of the amount calculated at the rate specified in the corresponding entry in column (4) of the said Table and subject to the relevant conditions annexed to this notification, as specified in the corresponding entry in column (5) of the Table aforesaid.
TABLE
| S. No. | Chapter / Heading / Sub‑ heading / Tariff item |
Description of Goods | Rate | Condition No. |
| (1) | (2) | (3) | (4) | (5) |
| 1.
|
Any Chapter |
Goods specified in the List annexed to this Table required in connection with: | 5%
|
1
|
| (1) 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 nomination basis, or | ||||
| (2) Petroleum operations undertaken under specified contracts, or | ||||
| (3) Petroleum operations undertaken under specified contracts under the New Exploration Licensing Policy, or | ||||
| (4) Petroleum operations undertaken under specified contracts under the Marginal Field Policy (MFP), or | ||||
| (5) Coal bed methane operations undertaken under specified contracts under the Coal Bed Methane Policy. |
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