GST on retained feedstock: refinery liable only on net quantity retained; returns taxable when resupplied. GST is payable by refineries only on the net quantity of petroleum gases retained by manufacturers for producing petrochemical and chemical products; returned residual quantity is taxable only when supplied by the refinery to another person. This clarification applies mutatis mutandis to similar feedstock retention-and-return supply arrangements and requires net billing on the amount retained, within the context of GST law.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
GST on retained feedstock: refinery liable only on net quantity retained; returns taxable when resupplied.
GST is payable by refineries only on the net quantity of petroleum gases retained by manufacturers for producing petrochemical and chemical products; returned residual quantity is taxable only when supplied by the refinery to another person. This clarification applies mutatis mutandis to similar feedstock retention-and-return supply arrangements and requires net billing on the amount retained, within the context of GST law.
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