TIN FOR PETROL BUNKS

[venkat eswaran]

SIR,

MY FRIEND IS GOING TO OPEN PETROL BUNK SHORTLY. AT CHENNAI THEY INSISTED TIN NO. WHEN APPLY FOR TIN NO. WITH  SLAES TAX OFFICE IT IS COMING UNDER WHAT CATEGORY? RETAIL SALES?

WHETHER I NEED TO FILE VAT RETURN EVERY MONTH? WHICH FORM I HAVE TO SUBMIT VAT RETURN? WHAT IS THE PROCEDURE FOR RETURN FILING FOR PETROL BUNKS?

EXPECTING YOUR VALUBLE REPLY SIRS

[Guest]

Dear Venkat ji,

As per my knowledge , NO VAT & CST return will be filed. It is not coming under your VAT Act, It is your 1994 Act.

 

[Jayaraman Mani]

DEAR VENKAT

YOU NEED TO REGISTER WITH VAT/CST EVEN THOUGH PETOL/DIESEL OR EXEMPTED SALES BU

IF YOU SELL LUBRICANTS IT TAXABLE SALES IN CHENNAI. EVERY MONTH FILE A RETURN

CLAIMING EXEMPTION SALES OF PETROL/DIESEL AND LUBRUCANT PAY VAT TAX.

J MANI

AI Summary

VAT registration: petrol and diesel sales are exempt while lubricants remain taxable; register and file monthly returns. Petrol and diesel retail sales are treated as exempt for VAT/CST, but dealers may still need VAT/CST registration (TIN). Lubricants and other non-exempt supplies are taxable; registered dealers should file periodic returns, typically monthly, claiming exemption for fuel sales while reporting and paying VAT on taxable items.