APPLICABILITY OF MONTHLY RETURN UP VAT ON PETROLEUM PRODUCTS OR CNG PRODUCTS

[CA C M JAIN]

Will Petrol Pump owner file monthly return under UP VAT Laws. On monthly sale and purchase, tax shall be levied on outward supplies after considering tax on inward supplies. Please guide the same.

AI Summary

Monthly VAT return filing for petrol pump under Uttar Pradesh VAT laws is questioned for petroleum and CNG sales. Applicability of monthly VAT return filing under Uttar Pradesh VAT laws is questioned for petrol pump dealing in petroleum or CNG products. The issue raised is whether a petrol pump owner must file monthly returns and whether tax on sales is to be determined on outward supplies after considering tax on inward supplies. The text is only a discussion query and states no final legal position.