VAT credit on Petroleum Product

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Virendra Gupta (Querist)

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

sivaram

sivaram (Expert)

08 August 2017 You cannot take the VAT Credit under GST for Petroleum Products as they are outside the purview of GST

Virendra Gupta

Virendra Gupta (Querist)

08 August 2017 Thanks Sivram for reply.. But I'm paying Vat liability na so I should able to take credit under SGST

sivaram

sivaram (Expert)

08 August 2017 No you cannot take the input credit though you pay VAT on Petroleum Products

Virendra Gupta

Virendra Gupta (Querist)

08 August 2017 Sivaram can u plz share any documents which clarified this

sivaram

sivaram (Expert)

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

Virendra Gupta

Virendra Gupta (Querist)

08 August 2017 Understand...Thanks sivaram for valuable feedback

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