VAT credit on Petroleum Product
This query is : Open
08 August 2017
Hello respected practicing member and my dead colleagues,
I'm Register under GST as regular taxpayer and I'm purchasing the petroleum product from the vendor and vendor levied the 13.5% vat liability on invoice.
kindly assist, how I can take the VAT credit under GST with supporting documents.
Thanks
08 August 2017
You cannot take the VAT Credit under GST for Petroleum Products as they are outside the purview of GST
08 August 2017
Thanks Sivram for reply..
But I'm paying Vat liability na so I should able to take credit under SGST
08 August 2017
No you cannot take the input credit though you pay VAT on Petroleum Products
08 August 2017
Sivaram can u plz share any documents which clarified this
08 August 2017
in the earlier tax regime also you cannot take cenvat credit and vat input credit and now also since this petroleum is not covered under GST you cannot take VAT Paid as Input credit in GST
08 August 2017
Understand...Thanks sivaram for valuable feedback
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
