Clarification regarding applicability of GST on the petroleum gases retained for the manufacture of petrochemical and chemical products.

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....n the petroleum gases retained for the manufacture of petrochemical and chemical products. References have been received regarding the applicability of GST on the petroleum gases retained for the manufacture of petrochemical and chemical products during the course of continuous supply such as Methyl Ethyl Ketone (MEK) feedstock, petroleum gases etc. 2. In this context, it may be recalled that cl....

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....risen as to whether in this transaction GST would be leviable on the whole quantity of the principal raw materials supplied by the oil refinery or on the net quantity retained by the manufacturers of petrochemical and chemical products. 3. The GST Council in its 28th meeting held on 21.7.2018 discussed this issue and recommended for issuance of a general clarification for petroleum sector that in....