Issue of Diesel by Main contractor to Sub contractor
This query is : Resolved
Quick Summary
P RAVICHANDRAN
(Querist)
19 March 2022
We have a material handling and transport contract. We are principal contractor. We purchased diesel from IOCL and issued to sub contractor on recovery basis. We paid VAT to IOCL. We have debited to sub contractor exactly actual cost of diesel as per IOCL invoice. Does this debit note attracts further GST Or VAT?
CA R SEETHARAMAN
(Expert)
19 March 2022
GST not applicable on diesel supply. VAT applicable if you are registered under VAT.
CA Altamush Zafar
(Expert)
19 March 2022
If you have sold the diesel to subcontractor then VAT is applicable if you are liable to to be registered under VAT
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