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Recovery of sslf in hpcl invoice

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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.

 

Replies (7)
Quick Summary
SSLF recovery shown in HPCL petrol/diesel invoices is disputed for ITC claim. Generally, ITC on such fuel-related charges is not allowed if output supply is exempt/non-taxable. However, if business output is taxable, ITC may be eligible as it reflects in GSTR-2A.

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
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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