Input Tax Credit of petrol tank by petrol pump


This query is : Resolved 

Quick Summary
This discussion explores the eligibility of claiming Input Tax Credit (ITC) under GST for a petrol pump business. It clarifies that ITC on petrol tanks, UPS, and stabilisers is generally not claimable, especially as petrol and diesel are non-GST supplies. Furthermore, ITC on cement and steel used for constructing the petrol pump building is blocked under Section 17(5) of the GST law, meaning no ITC is available for building construction.

28 February 2020 Can i availed the Input Tax Credit of petrol tank (new purchase ) for petrol pump business?
Can i availed ITC on ups ,stabilizers
Can i aviled the ITC on purchase of cement and steel for construction of petrol pump building under gst law?

28 February 2020 In first two cases cannot avail as petrol diesel is a non gst supply. For point no 3 cannot claim as blocked u/s 17(5).

28 February 2020 For building no ITC available.
Petrol is exempt from GST so no ITC can be claimed on petrol tank.


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