LPG Distributor to Consumer
JamMang Guite (unemployed) (103 Points)
04 October 2017
can an LPG Gas distributor claim ITC for supply to consumers, please help.
32 Replies
g mahesh Mundra
(Business and tax consultant)
(3296 Points)
Replied 04 October 2017
I think LPG distributor receiving only commission
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 04 October 2017
No....
The LPG distributor can't claim the ITC for LPG DELIVERY.
LPG delivery is their commission business. Not on purchase and Sales transactions. LPG related tax portion payable by IOCL / BPCL
The LPG distributor can't claim the ITC for LPG DELIVERY.
LPG delivery is their commission business. Not on purchase and Sales transactions. LPG related tax portion payable by IOCL / BPCL
JamMang Guite
(unemployed)
(103 Points)
Replied 04 October 2017
Ma'am @ Rashmi in what condition he can claim ITC?
JamMang Guite
(unemployed)
(103 Points)
Replied 04 October 2017
Sir @ Raja that means he cannot show tax deduction at consumer's invoice?
g mahesh Mundra
(Business and tax consultant)
(3296 Points)
Replied 04 October 2017
tax deduction means
JamMang Guite
(unemployed)
(103 Points)
Replied 04 October 2017
caould he show GST value at customer's invoice
g mahesh Mundra
(Business and tax consultant)
(3296 Points)
Replied 04 October 2017
invoice is given by petroleum company only
JamMang Guite
(unemployed)
(103 Points)
Replied 04 October 2017
so, distributor can can't claim anything?
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 04 October 2017
Claim means Different from the invoice and to the business activities by the distributor...
He can fully claim his inwards supplies. But, the sale liabilities is not to distributor...
Only his liabilities is Commission portion not in sales portion. Also he is less the liabilities from his ITC from the Inwards....
He can fully claim his inwards supplies. But, the sale liabilities is not to distributor...
Only his liabilities is Commission portion not in sales portion. Also he is less the liabilities from his ITC from the Inwards....
g mahesh Mundra
(Business and tax consultant)
(3296 Points)
Replied 04 October 2017
I want to know LPG distributor commission is taxable under GST
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 04 October 2017
You are most welcome Mr Jammangguite Sir...
P.Lingam
(Accountant)
(75 Points)
Replied 04 October 2017
LPG DISRIBUTOR CAN AVAIL THE INPUT AND LPG SELLING PRICE IS INCLUDING GST, CALICULATE THE OUTPUT TAX AND PAY THE DIFFERANCE THAT'S IT.(TOTAL SALES GOES TO B2C)
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