Issue of diesel to sub-contractors
This query is : Resolved
22 June 2021
If we issue diesel to sub-contractors, the amount of which will be recovered from vendor including GST against bills submitted by him. Below are the questions:
1) Can I raise debit note for the same to vendor
2) Would GST be applicable on that debit note? If yes, at what percentage
3) Can vendor claim ITC on the basis of debit note?
4) Is GST mandatory on issue of diesel, can I issue diesel without charging GST?
1) Can I raise debit note for the same to vendor
2) Would GST be applicable on that debit note? If yes, at what percentage
3) Can vendor claim ITC on the basis of debit note?
4) Is GST mandatory on issue of diesel, can I issue diesel without charging GST?
23 June 2021
Diesel supply is exempt from GST. You can issue diesel without charging GST.
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23 June 2021
Even of I issue diesel without GST, I will have to compulsorily charge VAT on diesel issued correct?
23 June 2021
Yes, you have to charge VAT if you are registered under VAT.
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23 June 2021
Thank you for your valuable opinion
What if I am not registered under VAT? In such case, is there any chance of challenges from government authorities if I issue diesel without charging VAT and GST?
What if I am not registered under VAT? In such case, is there any chance of challenges from government authorities if I issue diesel without charging VAT and GST?
23 June 2021
If you are within the threshold for VAT registration no need to charge VAT.
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