Clarification regarding applicability of GST on Polybutylene feedstock and Liquefied Petroleum Gas retained for the manufacture of Poly Iso Butylene and Propylene or Di-butyl para Cresol

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..... Clarification regarding applicability of GST on Polybutylene feedstock and Liquefied Petroleum Gas retained for the manufacture of Poly Iso Butylene and Propylene or Di-butyl para Cresol - By: - CASan .....

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..... jay Kumawat - Goods and Services Tax - GST - Dated:- 1-2-2018 - - [ Circular No. 29/3/2018-GST, dated 25.01.2018 ] Background: Manufacturers of Propylene or Di-butyl para Cresol and Poly I .....

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..... so Butylene have stated that the principal raw materials for the manufacture of such goods are Liquefied petroleum gas and Polybutylene feed stock respectively, which are supplied by oil refineries to .....

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..... them on a continuous basis through dedicated pipelines while a portion of the raw material is retained by these manufacturers, the remaining quantity is returned to the oil refineries. Issue: .....

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..... 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? Classi .....

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..... fication GST Council issued a clarification stating that GST will be payable by the refinery on the value of the net quantity of polybutylene feedstock and liquefied petroleum gas retained by the .....

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..... manufacturer. - - Scholarly articles for knowledge sharing authors experts professionals Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITa .....

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..... x .....

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