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ITC against LFR fee payment by Petrol Pumps..

This query is : Resolved 

24 December 2019 One of my Client is running a Petrol pump of IOCL, made periodic payments (Inc. GST) of License fee recovery (LFR) charged by IOCL. At the same time, he receives Lease rent (Inc. GST) against such petrol pump from IOCL.

What LFR is basically a License Fee originally charged by government from Petroleum distribution companies for operating petrol pumps. With this spirit, if we are getting rent receipt against such petrol pump. That means, GST paid in LFR should be allowed as Input service against such Outward supply of Rent.



Please clarify on this.

24 December 2019 Licence fee is input for selling petrol and diesel which can't be claimed against rent.


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