scope of supply

146 views 3 replies
Is supply of petroleum products covered in GST?
Replies (3)
can you plz specify the products
Products like kerosene, naphtha and LPG will be under the ambit of GST, while five items in the basket — crude oil, natural gas, aviation fuel, diesel and petrol — have been excluded 
Following 5 Petroleum Products are temporarily out of the GST Ambit :

1). Petroleum Crude.
2). High Speed Diesel.
3). Motor Spirit [ commonly known as PETROL ].
4). Aviation Turbine Fuel [ ATF ].
5). Natural Gas.

At present , CENTRAL EXCISE and VAT is levied on these 5 Petroleum Products.

These 5 products are temporarily out of the GST net and will be brought under GST Ambit on a specified date as notified by the Government on the recommendation of the GST Council.

The Provision of SECTION 9 (2) :

"The central tax on the supply of petroleum crude, high speed diesel, motor spirit [commonly known as petrol], natural gas and aviation turbine fuel shall be levied with effect from such date as may be notified by the Government on the recommendations of the Council."


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register