composition in GST
anuragsarin (MBA) (27 Points)
23 June 2017
Dealer , deals in petrol and lubricant . If he opts for composition will his turnover include the petrol sales
2 Replies
CS Nisha Nishit
(Practicing Company Secretary)
(326 Points)
Replied 23 June 2017
Turnover of Petrol sales will not be included
Lalit Nagpal
(Assistant Manager)
(541 Points)
Replied 23 June 2017
At present, crude oil, natural gas, ATF, diesel and petrol are not in the purview of GST so sale of these will not be included in calculating turnover of GST.
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