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
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
