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of <h1>GST Levied Only on Net Quantity Retained by Manufacturers for Polybutylene Feedstock & LPG Transactions Effective January 2018.</h1> The circular clarifies the applicability of GST on transactions involving Polybutylene feedstock and Liquefied Petroleum Gas (LPG) used in manufacturing Poly Iso Butylene, Propylene, or Di-butyl para Cresol. It addresses concerns about whether GST should be levied on the entire quantity supplied by refineries or only on the portion retained by manufacturers. The GST Council recommended that GST be applied only to the net quantity retained by manufacturers. Refineries must pay GST on any returned quantity when supplied to others. This clarification is effective from January 25, 2018, and pertains solely to GST law.
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