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liecence fee recovery


asif shaikh   15 April 2019

asif shaikh

 2 likes  157 points

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my client have a petrol pump.he selling petrol and oil.The Hindustan petroleum corporation recover licence fee with gst.petrol is non gst supply.can we take credit of gst charge by HCL.

Jatin (Accountant)     15 April 2019

Jatin
Accountant 
 248 likes  3428 points

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no, you can't claim ITC

avater

Pankaj Rawat (GST Practitioner)     16 April 2019

Pankaj Rawat
GST Practitioner 
 3400 likes  46189 points

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Yes you can , On OiL (not petrol) the GST is leviable .

In proportion to Oil sold the ITC can be claim

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