TCS & TDS applicability on Petrol pumps purchases
This query is : Resolved
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05 May 2025
Namaste sir,
We are one of the petrolium dealer of BPCL company and maintaining petrol pump books .From 01-04-2025 how can we calculate tds or tcs on Bhrath petrolium pump transactions . We dont know how to calculate and file TDS or TCS. So, Kindly suggest us with your valuable reply.
We are one of the petrolium dealer of BPCL company and maintaining petrol pump books .From 01-04-2025 how can we calculate tds or tcs on Bhrath petrolium pump transactions . We dont know how to calculate and file TDS or TCS. So, Kindly suggest us with your valuable reply.
05 May 2025
Petrol pump dealer (buyer), must deduct TDS on purchases from BPCL if:
Your total purchases from BPCL in the financial year exceed ₹50 lakhs.
Your turnover in the preceding financial year was more than ₹10 crores.
0.1% of the purchase value exceeding ₹50 lakhs in a financial year.
Section 206C(1H) (TCS on Sale of Goods) is removed. Dealers like BPCL will no longer collect TCS on sales of petroleum products to petrol pumps.
Your total purchases from BPCL in the financial year exceed ₹50 lakhs.
Your turnover in the preceding financial year was more than ₹10 crores.
0.1% of the purchase value exceeding ₹50 lakhs in a financial year.
Section 206C(1H) (TCS on Sale of Goods) is removed. Dealers like BPCL will no longer collect TCS on sales of petroleum products to petrol pumps.
28 September 2025
Good luck.....
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