banner_ad

GST on LFR on Petrol & Diesel

1425 views 3 replies
User Avatar

1 Points Posted on 12 July 2020
GST on LFR ( License Fee Recovery) is collected on Petrol (MS) & Diesel (HSD) eligible for ITC or Not.

If there is any notification please send me.
Reply Share Follow
On 12 July 2020 at 19:34 Report
Replies (3)
User Avatar

4215 Points Posted on 12 July 2020
Yes it is eligible
12 Reply
On 12 July 2020 at 20:57
User Avatar

298 Points Posted on 12 July 2020
No can't take itc because outward supply is non taxable supply hence not eligible itc and if it's outward supply non taxable supply and taxable then fully itc at end of year reverse itc to extent of non taxable proportion as per 42 rule n 43
1 Reply
On 12 July 2020 at 22:19
User Avatar

Junior accountant
135 Points Posted on 13 July 2020
Right chethan Sir
1 Reply
On 13 July 2020 at 09:23


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details