https://www.taxtmi.com/circulars?id=61190 GST is payable by the refinery on the value of the net quantity of petroleum gases retained by the recipient manufacturer for manufacture of petrochemical and chemical products; returned quantities are not taxable for the refinery unless it subsequently supplies them to another person. This treatment applies mutatis mutandis to other cases where feedstock is retained by the recipient and residual material is returned, and flow net billing is to be done on the amount retained by the recipient. en-us Mon, 20 Aug 2018 00:00:00 +0530 Thu, 30 May 2019 11:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=61190 GST is payable by the refinery on the value of the net quantity of petroleum gases retained by the recipient manufacturer for manufacture of petrochemical and chemical products; returned quantities are not taxable for the refinery unless it subsequently supplies them to another person. This treatment applies mutatis mutandis to other cases where feedstock is retained by the recipient and residual material is returned, and flow net billing is to be done on the amount retained by the recipient. Circulars GST - States Mon, 20 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61190