Reimbursement of expenses

This query is : Resolved

P.R.JAKHARIA

P.R.JAKHARIA (Querist)
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20 December 2018 DEALER IS AUTHORISED PETROL PUMP OF IOC AND IOC IS REIMBURSING TRANSPORT CHARGES FOR DELIVERY OF GOODS TO PETROLPUMP. DEALER IS HAVING OWN TANKER FOR DELIVERY OF GOODS. WHETHER AMOUNT RECEIVED FROM IOC TOWARDS REIMBURSEMENT OF TANKER EXPENSES LIABLE TO GST. IF YES AT WHAT RATE 5% OR 18%?

SHUBHAM SHARMA

SHUBHAM SHARMA (Expert)
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21 December 2018 Sir,
In my humble opinion, it will not be prudent here to reply to your query without perusing the agreement entered between the dealer and IOC.
Moreover, it is advisable in the instant case to take a written opinion on the issue, in case department challanges any call taken by us and takes the issue into litigation, we could have a concrete material on record to rely upon.

Thanks and regards
CA Shubham Sharma
Contact No. 9462302922
Email-shubham.vnv@gmail.com

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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21 December 2018 GST not applicable on such transport charges. It's exempt. GST applicable only on transportation by GTA..

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