Exclusion of petrol price increase from VAT base until benefit is passed to consumers and notified by government. The amendment excludes the increase in petrol price effective from a specified date from the sale price for VAT purposes until the Government notifies otherwise or the price falls below the prior level. Further price increases are not excluded; partial exclusion applies if price declines but stays above the earlier level; and the exclusion applies only after the benefit is passed on to consumers.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exclusion of petrol price increase from VAT base until benefit is passed to consumers and notified by government.
The amendment excludes the increase in petrol price effective from a specified date from the sale price for VAT purposes until the Government notifies otherwise or the price falls below the prior level. Further price increases are not excluded; partial exclusion applies if price declines but stays above the earlier level; and the exclusion applies only after the benefit is passed on to consumers.
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