GST on retained feedstock: tax is payable on the net quantity retained by the manufacturer, not on returned gas. GST is payable by the refinery on the value of the net quantity of petroleum gases retained by the recipient manufacturer for manufacture of petrochemical and chemical products; returned quantities are not taxable for the refinery unless it subsequently supplies them to another person. This treatment applies mutatis mutandis to other cases where feedstock is retained by the recipient and residual material is returned, and flow net billing is to be done on the amount retained by the recipient.
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: tax is payable on the net quantity retained by the manufacturer, not on returned gas.
GST is payable by the refinery on the value of the net quantity of petroleum gases retained by the recipient manufacturer for manufacture of petrochemical and chemical products; returned quantities are not taxable for the refinery unless it subsequently supplies them to another person. This treatment applies mutatis mutandis to other cases where feedstock is retained by the recipient and residual material is returned, and flow net billing is to be done on the amount retained by the recipient.
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