GST – States – 12/2018 – Dated:- 13-8-2018 – GOVERNMENT OF WEST BENGAL DIRECTORATE OF COMMERCIAL TAXES 14, BELIAGHATA ROAD, KOLKATA-700015 TRADE CIRCULAR No. 12/2018 DATED: 13.08.2018 Subject: Clarification regarding applicability of GST on 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 clarifications on similar issues for specific products have already been issued by the Central Government vide cir
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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 such transactions, GST will be payable by the refinery on the value of net quantity of petroleum gas retained for the manufacture of petrochemical and chemical products. 4. Accordingly, it is hereby clarified that, in the aforesaid cases, GST will be payable by the refinery only on the net quantity of petroleum gases retained by the recipient manufacturer for the manufacture of petrochemical and chemical prod
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