Petroleum pump

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38 Points Posted on 05 November 2020
petroleum dealer receiving dealer margin, Incentive form Indian oil corporation whether such dealer margin Incentive are taxable under GST ?
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On 05 November 2020 at 09:36 Report
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This discussion clarifies the GST implications for petrol pump dealers regarding dealer margins and incentives from Indian Oil Corporation. It explains that while GST is not applicable to the sale of petrol and diesel, and therefore any incentives related to these sales are non-taxable, incentives received on lubricants are subject to GST and are therefore taxable.

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38 Points Posted on 05 November 2020
How it' s not taxable as it is in the form of commission
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On 05 November 2020 at 20:00
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Tax consultant
5895 Points Posted on 05 November 2020
In petrol pump gst is not apply on sales of petrol and diesel hence any incentive getting from this is not taxable as they are non taxable
but in petrol pump gst is in lubricant hence incentive on lubricant is applicable for gst so it is taxable
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On 05 November 2020 at 23:11

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