Excise on petroleum products - impact on gst?

Hi All

I have one Q on GST.

Petroleum is kept out of GST, which means it will continue to attract excise duty. So, 

1) can the excise paid on it be set-off against GST liability?

2) Do the companies still have to maintain excise records like RG23 registers?

Would you have an idea around it?

Thanks for your time!!

Ajay Maheshwari

Replies (1)
yes excise duty is calculated on petroleum and sold. it will be same as in VAT regime, petroleum is out of vat. but sales tax is levied by states

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 28 July 2026
Article/Intern/Semi-Qualified/Fresher B.Com

VNSS & Co

Mumbai

Others

View Details
Company
23 July 2026
CA Inter

Vikram Jadhav and Company

Pune

CA Inter

View Details
Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
Featured 18 July 2026
CA Articleship

apricus india

Mumbai

CA Inter

View Details
Company
14 July 2026
Senior Executive/ Manager

H S SHARMA AND CO

Pune

CA Final

View Details
Company
28 July 2026
Senior accountant

RJ Public School

Bengaluru

B.Com

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

G A R U D & Associates

New Delhi

CA Inter

View Details
Company
16 July 2026
Manager - Finance & Accounts

Aliens Group

Hyderabad

CA Final

View Details