TDS on LFR Recovery by Oil Company, Income Tax

[Arif Kathiria]

Dear Sir,

Our Clients are engage in business of selling Petrol, Diesel, and Oil. Our queries are

1. Under which section TDS on LFR Recovery by Oil Company should be deducted u/s 194J or 194I

2. Are we eligible to claim GST on Input Tax Credit of LFR Recovery, Can we claim proportionated on sales of Oil

Your valuable Response will help us

Posts / Replies

[DR.MARIAPPAN GOVINDARAJAN]

Since it requires more scrutiny you can get opinion from professionals.