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

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.... No.F.3 (66)/Policy-GST/2017/ 525-30 Dated: 31/08/2018 CIRCULAR NO. 15/2018-GST (Ref .Circular No. 53/27/2018-GST of Central Tax) Subject: Clarification regarding applicability of GST on the petroleum gases retained   for the manufacture of petrochemical and chemical products - regarding. References have been received regarding the applicability of GST oh the petroleum g....

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.... are supplied by oil refineries to them on a continuous basis through dedicated pipelines, while, a portion of the raw material is retained by these manufacturers (recipient of supply), and the remaining quantity is returned to the oil refineries. In this regard, an issue has arisen as to whether in this transaction GST would be leviable on the whole quantity of the principal raw materials supplie....