Recovery of sslf in hpcl invoice

14489 views 7 replies

6 Points Joined July 2019

In Diesel and Petrol Invoices(HPCL) we observed an amount (under 18% Slab) stating that ""Recovery of SSLF Credit "".

Do I Claim that GST Input in my 3B.

We are receiving the same in 2A also.

Replies (7)

GST Practitioner

55067 Points Joined June 2017

In reference to FAQs on GST with specific reference to oil and gas sector , You cannot claim ITC

GST Faculty @ Ministry of MSME Govt of I

2813 Points Joined December 2010

Your outward Supply is non taxable so you are not entitle to take the credit of input tax.

3134 Points Joined December 2020

why can we not CLAIM ITC on gas and oil sector

7 Points Joined September 2021

In Diesel and Petrol Invoices(HPCL) we observed an amount (under 18% Slab) stating that ""Recovery of SSLF Credit "".

IS THE ATTRACT TDS

Tax Consultant & Practitioner

6195 Points Joined August 2017

Originally posted by : SALIL MUKHERJEE
	In Diesel and Petrol Invoices(HPCL) we observed an amount (under 18% Slab) stating that ""Recovery of SSLF Credit "". IS THE ATTRACT TDS

Yes hpcl being psu and tds would be deducted

Tax Consultant & Practitioner

6195 Points Joined August 2017

Originally posted by : Prachi Bansal
	why can we not CLAIM ITC on gas and oil sector

If your output is non taxable say electrcitu or something you shall not avail ITC

Tax Consultant & Practitioner

6195 Points Joined August 2017

Originally posted by : lakshman belide
	In Diesel and Petrol Invoices(HPCL) we observed an amount (under 18% Slab) stating that ""Recovery of SSLF Credit "". Do I Claim that GST Input in my 3B. We are receiving the same in 2A also.