TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>GST Clarification: Tax Applies Only on SKO Retained for n-Paraffin Extraction in LAB Manufacturing.</h1> The circular clarifies the applicability of GST on superior kerosene oil (SKO) used in the manufacture of Linear Alkyl Benzene (LAB). LAB manufacturers receive SKO from refineries, extract n-paraffin, and return the remaining SKO. GST is applicable only on the net quantity of SKO retained by LAB manufacturers for n-paraffin extraction. The GST Council recommended that refineries pay GST on this retained SKO quantity. However, if the remaining SKO is supplied to another party, the refinery must pay GST on that portion as well. This clarification is effective from October 26, 2017.
TaxTMI 
TaxTMI 
