Clarification regarding applicability of GST on Polybutylene feedstock and Liquefied Petroleum Gas retained for the manufacture of Poly Iso Butylene and Propylene or Di-butyl para Cresol.
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GST on net retained feedstock: refineries taxed only on quantities kept by manufacturers; returned supplies taxable when onward supplied. GST is payable by the refinery only on the net quantity retained of Polybutylene feedstock and Liquefied Petroleum Gas supplied to manufacturers for producing Poly Iso Butylene, Propylene or Di-butyl para Cresol. Returned quantities are not subject to GST for the refinery unless those returned quantities are subsequently supplied by the refinery to another person, triggering GST on such onward supply.
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 net retained feedstock: refineries taxed only on quantities kept by manufacturers; returned supplies taxable when onward supplied.
GST is payable by the refinery only on the net quantity retained of Polybutylene feedstock and Liquefied Petroleum Gas supplied to manufacturers for producing Poly Iso Butylene, Propylene or Di-butyl para Cresol. Returned quantities are not subject to GST for the refinery unless those returned quantities are subsequently supplied by the refinery to another person, triggering GST on such onward supply.
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