GST classification of lubricating preparations confirms taxable treatment while excluding formulations predominantly composed of petroleum oils. Schedule 3 classifies lubricating and related preparations as goods taxable at GST @ 18% up to 21-09-2025, covering cutting oils, bolt or nut release products, anti-rust and anti-corrosion formulations, mould release agents based on lubricants, and preparations for oil/grease treatment of textiles, leather and furskins, while excluding preparations with basic constituents amounting to 70% or more by weight of petroleum oils or oils from bituminous minerals.
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.
GST classification of lubricating preparations confirms taxable treatment while excluding formulations predominantly composed of petroleum oils.
Schedule 3 classifies lubricating and related preparations as goods taxable at GST @ 18% up to 21-09-2025, covering cutting oils, bolt or nut release products, anti-rust and anti-corrosion formulations, mould release agents based on lubricants, and preparations for oil/grease treatment of textiles, leather and furskins, while excluding preparations with basic constituents amounting to 70% or more by weight of petroleum oils or oils from bituminous minerals.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
