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of <h1>GST Applies to Net Quantity of Polybutylene Feedstock and LPG for Manufacturing, Clarifies GST Council.</h1> The circular clarifies the applicability of GST on Polybutylene feedstock and Liquefied Petroleum Gas used in manufacturing Poly Iso Butylene and Propylene or Di-butyl para Cresol. It addresses whether GST should be levied on the total quantity supplied by oil refineries or only on the net quantity retained by manufacturers. The GST Council decided that GST is payable by the refinery on the net quantity retained. The refinery is also liable for GST on any returned quantity when supplied to another party. This clarification pertains solely to GST law and historical issues will be addressed according to the applicable law at the time.
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