Please suggest if TCS is applicable on petroleum coke
Gangeshwar (proprietor) (136 Points)
22 December 2017Please suggest if TCS is applicable on petroleum coke
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 23 December 2017
Petroleum Coke (often abbreviated Pet coke or petcoke) is a carbonaceous solid derived from oil refinery coker units or other cracking processes. As such being part of mineral ore, liable for TCS at 1%. But totally exempted when used for the purpose of manufacturing or processing and not trading.
jaivikram singh
(partner)
(22 Points)
Replied 20 June 2023
what is the new ruling on TCS for calcined petcoke