Tax treatment on petroleum products

[VIGNESH]

sir. kindly clarrify. Query on Petrol bunk business- 1. dealer get petrol from Bharath petroleum and he makes sale and realise profit- is it taxable under VAT 2. commission received from Barath petroleum on sales of petrol - taxable or not?

[KASTURI SETHI]

Answer to query no.2 : Commission earned on account of non-GST goods is not taxable under GST. Such commission is not against taxable supply.

AI Summary

Commission on non GST goods is not a taxable supply, and therefore not taxable under GST. The query raised whether dealer profit from petrol sales is subject to VAT and whether supplier commission is taxable; the response states that commission on non GST goods is not a taxable supply and thus is not taxable under GST, while no view on VAT treatment of the dealer's profit is recorded.