input tax credit -reg

[Asked by Guest]

Dear Sir

we are selling the Petroleum products like Diesel and Petrol, few of our customers are asking Input tax credit, we are informing Diesel is Exempted can't claim the Input Or Not

Please guide me in this issue

[SHIVKUMAR SHARMA]

Petrol &Diesel are Non GST Items & hence Question of ITC not arises.

[Ganeshan Kalyani]

Yes, credit is not eligible on petroleum products.

[YAGAY and SUN]

However, such goods can be sold against Form C.

AI Summary

Input tax credit ineligibility for petroleum products: credit not available as petrol and diesel are non-GST items.
The discussion states that Input Tax Credit is not available for petrol and diesel because they are treated as non-GST items, making ITC inapplicable; participants also note that such goods can be sold against Form C as a transactional mechanism.