VAT credit on Petroleum Product
This query is : Open
08 August 2017
Hello respected practicing member and my dead colleagues,
I'm Register under GST as regular taxpayer and I'm purchasing the petroleum product from the vendor and vendor levied the 13.5% vat liability on invoice.
kindly assist, how I can take the VAT credit under GST with supporting documents.
Thanks
08 August 2017
You cannot take the VAT Credit under GST for Petroleum Products as they are outside the purview of GST
08 August 2017
Thanks Sivram for reply..
But I'm paying Vat liability na so I should able to take credit under SGST
08 August 2017
No you cannot take the input credit though you pay VAT on Petroleum Products
08 August 2017
Sivaram can u plz share any documents which clarified this
08 August 2017
in the earlier tax regime also you cannot take cenvat credit and vat input credit and now also since this petroleum is not covered under GST you cannot take VAT Paid as Input credit in GST
08 August 2017
Understand...Thanks sivaram for valuable feedback
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