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Petrol and diesel
proprietor of fuel station wants to purchase petrol and diesel from other state. Does it requires CST registration under VAT ACT?
Replies (4)
Quick Summary
GST registration is more than enough
GST not applicable to petrol and diesel
So what's the solution @ prasad Nilugal
I do not agree with KRISSHNAN...
Petrol and Diesel is temporarily out of the purview of GST. Only Central Excise and State VAT is applicable on Petrol and Diesel.
As per the Provision of Section 9(2) of the CGST Act 2017, 5 PETROLEUM PRODUCTS i.e. "Petroleum Crude, High Speed Diesel, Motor Spirit ( commonly known as Petrol ), Natural Gas and Aviation Turbine Fuel ( ATF ) shall be levied to GST with effect from such date as may be notified by the Government on the recommendation of the GST Council."
Therefore these 5 Petroleum Products are temporarily out of the purview of GST.
Petrol and Diesel is temporarily out of the purview of GST. Only Central Excise and State VAT is applicable on Petrol and Diesel.
As per the Provision of Section 9(2) of the CGST Act 2017, 5 PETROLEUM PRODUCTS i.e. "Petroleum Crude, High Speed Diesel, Motor Spirit ( commonly known as Petrol ), Natural Gas and Aviation Turbine Fuel ( ATF ) shall be levied to GST with effect from such date as may be notified by the Government on the recommendation of the GST Council."
Therefore these 5 Petroleum Products are temporarily out of the purview of GST.
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