22 February 2023
PLEASE GUIDE ME TAX COMPLIANCE FOR PETROL PUMP ACCOUNTING ( IN UTTARAKHAND) 1- WHEN WE SALE PETROL,DIESEL,LUB TO CUSTOMER (B TO C) , WE WILL CHANGE VAT ON BILL? 2-HOW MUCH MARGIN WE CAN TAKE ON PURCHASE COST OF PETROL,DIESEL ? 3-WHAT IS VAT RATE WHEN WE SALE PETROL,DIESEL WITHIN UTTARAKHAND OR INTERSTATE SALE 4- WHAT IS LEGAL COMPLIANCE ON FREIGHT ON PETROL ,DIESEL ? 5- WHAT IS LEGAL COMPLIANCE ON COMMISSION ON PETROL,DIESEL SALE IF ANY ? 6-WHAT IS LEGAL COMPLIANCE UNDER VAT AND GST FOR PETROL PUMP OWNER ?
23 February 2023
1 VAT applicable on petrol and diesel. GST applicable on lubricant. 2 Sale price will be fixed by petroleum company you will receive only commission. 3 Check with other petrol bunk near by or your supplier. 4 Freight will be paid by petroleum company. 5 Commission will be paid by petroleum company. 6 GST and VAT payable by pump owner and the return has to be filed monthly.
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