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Petrol and diesel

sheik javid (student) (281 Points)

16 June 2020

proprietor of fuel station wants to purchase petrol and diesel from other state. Does it requires CST registration under VAT ACT?

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4 Replies

KRISSHNAN KP (4215 Points)
Replied 16 June 2020

GST registration is more than enough

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prasad Nilugal (3914 Points)
Replied 16 June 2020

GST not applicable to petrol and diesel

sheik javid (student) (281 Points)
Replied 16 June 2020

So what's the solution @ prasad Nilugal

Shivam RC (Student) (23683 Points)
Replied 16 June 2020

I do not agree with KRISSHNAN...

Petrol and Diesel is temporarily out of the purview of GST. Only Central Excise and State VAT is applicable on Petrol and Diesel.

As per the Provision of Section 9(2) of the CGST Act 2017, 5 PETROLEUM PRODUCTS i.e. "Petroleum Crude, High Speed Diesel, Motor Spirit ( commonly known as Petrol ), Natural Gas and Aviation Turbine Fuel ( ATF ) shall be levied to GST with effect from such date as may be notified by the Government on the recommendation of the GST Council."

Therefore these 5 Petroleum Products are temporarily out of the purview of GST.

3 Like