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of <h1>GST Clarification: Refineries to Pay GST on Net Quantity Retained for Polybutylene Feedstock and LPG, Effective January 2018.</h1> The circular clarifies the applicability of GST on Polybutylene feedstock and Liquefied Petroleum Gas used in manufacturing Poly Iso Butylene, Propylene, or Di-butyl para Cresol. It addresses concerns about whether GST should be levied on the total quantity supplied by refineries or only on the net quantity retained by manufacturers. The GST Council recommended that GST be payable by refineries on the net quantity retained. This clarification applies from January 25, 2018, and specifies that refineries must pay GST on returned quantities if supplied to others.
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