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diesel/petrol payments
Dear sir We are executed some govt infra projects in this process we have pay some payments to the diesel or petrol these amounts are 20% of our gross can we exempet that payment in the gross at the time of sale declare
Replies (2)
Diesel/petrol are out of GST net. The cost of excise duty on the sale of petrol/diesel is inbuilt when the same are purchased in the market. The credit of excise duty in consumption of petrol/diesel will not be admissible, since there is no nexus between the petrol/diesel and infra projects, as the same are not inputs for infra projects.
thank you sir
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