Issue of diesel to sub-contractors
This query is : Resolved
22 June 2021
If we issue diesel to sub-contractors, the amount of which will be recovered from vendor including GST against bills submitted by him. Below are the questions:
1) Can I raise debit note for the same to vendor
2) Would GST be applicable on that debit note? If yes, at what percentage
3) Can vendor claim ITC on the basis of debit note?
4) Is GST mandatory on issue of diesel, can I issue diesel without charging GST?
1) Can I raise debit note for the same to vendor
2) Would GST be applicable on that debit note? If yes, at what percentage
3) Can vendor claim ITC on the basis of debit note?
4) Is GST mandatory on issue of diesel, can I issue diesel without charging GST?
23 June 2021
Diesel supply is exempt from GST. You can issue diesel without charging GST.
Message likes :
1 times
23 June 2021
Even of I issue diesel without GST, I will have to compulsorily charge VAT on diesel issued correct?
23 June 2021
Yes, you have to charge VAT if you are registered under VAT.
Message likes :
1 times
23 June 2021
Thank you for your valuable opinion
What if I am not registered under VAT? In such case, is there any chance of challenges from government authorities if I issue diesel without charging VAT and GST?
What if I am not registered under VAT? In such case, is there any chance of challenges from government authorities if I issue diesel without charging VAT and GST?
23 June 2021
If you are within the threshold for VAT registration no need to charge VAT.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR filing obligation due to savings deposit
- ITC availability for BOLERO-HILUX (HIGH AT, M1G) HLXX0
- Issue with no residency during Jan, Feb, March 2025 due to diff. between US and India tax years.
- WHAT TO SELECT IN 27Q TDS RETURN ? PAYMENT TO NON-RESIDENT
- NRI as second account holder of resident account
- To Keep Records
- What is meaning of accrued interest
- Applicability of Ind AS on wholly owned subsidiary company (incorporated overseas)
- Write off a Party Balance
- Taxability of Capital gain - cancellation of agreement
- Form inc-24
- REGARDING EPR OBLIGATION CHARGES
- Are part of Annual turnover for Audit purpose of 9 and 9C
- Are reflected in 2B in GST portal
- How to make any party sales or purchase recociliation
- E invoice mandatory for taxable value in a year 15 lakhs where as aggregate turnover is 6 crores
- TDS deduction.
- Leave taken during Extension period of Articleship
- Regarding TDS deduction before 15CA filing
- Reversal of Interest provision in case of MSME buyer
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
