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.
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Recovery of sslf in hpcl invoice
Replies (7)
Quick Summary
In reference to FAQs on GST with specific reference to oil and gas sector , You cannot claim ITC
Your outward Supply is non taxable so you are not entitle to take the credit of input tax.
why can we not CLAIM ITC on gas and oil sector
In Diesel and Petrol Invoices(HPCL) we observed an amount (under 18% Slab) stating that ""Recovery of SSLF Credit "".
IS THE ATTRACT TDS
| 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
| 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
| Originally posted by : lakshman belide | ||
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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. |
|
You may claim ITC if the output of your product is taxable.
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