GST on retained SKO: refinery liable for tax only on the net quantity retained for LAB production, returned SKO taxable if resupplied. GST is payable by the refinery only on the net quantity of SKO retained by the LAB manufacturer for extraction of n paraffin; the refinery's GST liability is confined to that retained portion. Returned SKO does not attract GST in the original return to the refinery as part of the same arrangement, but if the refinery supplies the returned SKO to another person, GST will be payable on that supply.
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GST on retained SKO: refinery liable for tax only on the net quantity retained for LAB production, returned SKO taxable if resupplied.
GST is payable by the refinery only on the net quantity of SKO retained by the LAB manufacturer for extraction of n paraffin; the refinery's GST liability is confined to that retained portion. Returned SKO does not attract GST in the original return to the refinery as part of the same arrangement, but if the refinery supplies the returned SKO to another person, GST will be payable on that supply.
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