VAT ON MS,HSD,MOI (PETROL,DIESEL,LUBRICANT)

This query is : Resolved

Jiwan singh (Querist)
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22 February 2023 PLEASE GUIDE ME TAX COMPLIANCE FOR PETROL PUMP ACCOUNTING ( IN UTTARAKHAND)
1- WHEN WE SALE PETROL,DIESEL,LUB TO CUSTOMER (B TO C) , WE WILL CHANGE VAT ON BILL?
2-HOW MUCH MARGIN WE CAN TAKE ON PURCHASE COST OF PETROL,DIESEL ?
3-WHAT IS VAT RATE WHEN WE SALE PETROL,DIESEL WITHIN UTTARAKHAND OR INTERSTATE SALE
4- WHAT IS LEGAL COMPLIANCE ON FREIGHT ON PETROL ,DIESEL ?
5- WHAT IS LEGAL COMPLIANCE ON COMMISSION ON PETROL,DIESEL SALE IF ANY ?
6-WHAT IS LEGAL COMPLIANCE UNDER VAT AND GST FOR PETROL PUMP OWNER ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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23 February 2023 1 VAT applicable on petrol and diesel.
GST applicable on lubricant.
2 Sale price will be fixed by petroleum company you will receive only commission.
3 Check with other petrol bunk near by or your supplier.
4 Freight will be paid by petroleum company.
5 Commission will be paid by petroleum company.
6 GST and VAT payable by pump owner and the return has to be filed monthly.