Tax Management India. Com
                        Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Articles News
Highlights
D. Forum
What's New
Sub-Menu

Share:      

        Home        
 
Discussions Forum
Home Forum Goods and Services Tax - GST This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

← Previous Next →

whether operating a petrol pump will be taxable, Goods and Services Tax - GST

Issue Id: - 116966
Dated: 16-1-2021
By:- Anand Sable
whether operating a petrol pump will be taxable

  • Contents

Sir, my client is primarily a gta service provider in Maharashtra, whereas he is also running a petrol pump owned by a third person in Goa. Further, as per agreement for running the petrol pump my client will be entitled for all profits received from the operation of the petrol pump after incurring all expenses and in return my client will pay ownership fee to the owner of the petrol pump

My question is, whether the profit earned as per the agreement will be taxable for gst and if, yes, than which SAC will apply.

Post Reply

Posts / Replies

Showing Replies 1 to 3 of 3 Records

1 Dated: 18-1-2021
By:- Shilpi Jain

This could be liable under GST being business support services. However, the difference could be the way in which the agreement is drafted which would indicate what the arrangement is actually. If major part of the amount received can be shown to be towards reimbursements, those amounts can be kept out of taxable value.


2 Dated: 18-1-2021
By:- KASTURI SETHI

Sh.Anand Sable Ji,

You may call it ownership fee but two services are involved. These are :

1. Renting of immovable property;

2. Hiring, Leasing, Licensing of Goods (Supply of Tangible Goods).

Go through the definition of both services. GST is applicable.


3 Dated: 19-1-2021
By:- Ganeshan Kalyani

I agree with the views of Sri Kasturi Sir. I would amount to renting of immovable property.


1

Post Reply

← Previous Next →

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Site Map - Recent || Site Map || ||