15 October 2019
My Client is running a petrol pump. He has purchased a Oil tanker for carrying petrol or diesel on behalf of HPCL. My First question is whether my client is eligible for input of Gst of oil Tanker. Second Question is that Whether My Client have to pay gst on freight charges OR HPCL have to pay reverse charge on such freight.
15 October 2019
1. Is he providing transportion service and opted for forward charge ? if so he can take input credit. otherwise He can't take input credit. 2. the person who is paying freight charges to the transporter need to pay under RCM provided the transporter not in forward charge.
15 October 2019
1. Whether it is optional for us for adopting forward charge or compulsory for forward charge. 2. As per main business is of petrol pump and is it reverse charge is applicable on transportation service provided by us.
CAclubindia
