Excise on petroleum products - impact on gst?

ajay maheshwari (14 Points)

11 August 2016  

Hi All

I have one Q on GST.

Petroleum is kept out of GST, which means it will continue to attract excise duty. So, 

1) can the excise paid on it be set-off against GST liability?

2) Do the companies still have to maintain excise records like RG23 registers?

Would you have an idea around it?

Thanks for your time!!

Ajay Maheshwari