Obligations and responsibilities discharged by co-venturer is not subjected to service tax

BG Exploration & Production India Ltd. Vs Commissioner of Service Tax (CESTAT Mumbai)

Held that as a party to the joint-venture, obligations and responsibilities discharged by co-venturer cannot be brought under service tax levy. Accordingly, demand of service tax set aside.

Facts- The appellants are engaged in the business of mining of mineral oil and natural gas and for this purpose have executed ‘Production Sharing Contract (PSC)’ for extraction of mineral oil a

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