I am running a petrol pump. IOCL gives me dealer margin every month which is credited to my account.
IOCL also gives me tanker transportation reimbursement as I have my own tanker which is used to bring fuel from IOCL plant to my outlet.
Pls tell me whether GST applicable on above transactions or not.
If yes, then who is liable to pay GST?
Menu
GST applicability in case of petrol pump transaction
Replies (1)
Petrol and Diesel is carried in tanker which are non gst goods in GST at present. ... However renting of vehicle attracts GST under SAC code 9972 and tax rate is 18%. Thus GST will be applicable according to nature of service whether it is covered under SAC 9965 or 9972.
Recent Topics :
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
Related Topics :
CAclubindia
