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Tanker ITC
Petrol pump Dealer wants to purchase tanker for supply of petrol and diesel Can he Claim GST on purchase of truck Tanker is used for the purchase of Petrol and Diesel plz clarify thanks in advanve
Replies (1)
Yes ITC is available but need to be reverse in proportion to Exempted/Non GST outward supply.
Note : Any taxable outward supply tax liability can be adjusted against the ITC claimed.
Note : Any taxable outward supply tax liability can be adjusted against the ITC claimed.
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