Input credit of LFR recovery

ITC / Input 17475 views 18 replies

DEAR SIR,

PETROL PUMP DEALER IS LIABLE TO DEDUCT TDS U/S 194 I ON LFR FEE BUT MY QUESTION IS THAT ON WHICH AMOUNT A DEALER SHOULD DEDUCT TDS AS THERE ARE TOTAL LFR INVOICE IS INCLUDING GST SO SHOULD WE DEDUCT TDS ON SERVICE CHARGE OR TOTAL INVOICE VALUE ( INCLUDING GST TAX ) EX.  6771.40(TAXBLE VALUE) + 948+948(GST) = 8667.40 . SHOULD WE DUDUCT TDS ON 8667.40 OR 6771.40 ?? 

THANK YOU

sir kya hum LFR PER GST CLAIM NAHI KAR SAKTA HAI

 

1. Company Owned: In case the outlet is developed under company owned category,
the land only will be taken on lease for a period of 30 years. Rental will be paid by
HPCL, and will not be recovered from the dealership. The superstructure will be
provided by the company and SSLF as applicable will be charged at a higher rate, which
at present, is Rs.47/- per KL for MS and Rs.40/- per KL for HSD.

2. Dealer Leased: In case the outlet is to be developed under this category, the land and
superstructure, will be taken from the selected candidate on lease for a period of 30
years. The rental will be paid by HPCL and recovered from the dealership as additional
licence fee. The Service Station Licence Fees (SSLF) as applicable will be charged at a
lower rate which, at present, is Rs.17/- per KL for MS and Rs.15/- per KL for HSD.

3. Dealer Owned : On strategic consideration, company may decide to develop certain
retail outlets on Dealer owned basis. In such cases, the land and superstructure will not
be taken on lease from the selected candidate. The Service Station Licence Fees (SSLF)
as applicable will be charged at a lower rate which, at present, is Rs. 17/- per KL for
MS and Rs.15/- per KL for HSD.

Should we get refund of GST paid ??


CCI Pro

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