Clarification regarding applicability of GST on the petroleum gases retained for the manufacture of petrochemical and chemical products – regarding. – GST – States – 15/2018 – Dated:- 31-8-2018 – GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE AND TAXES (POLICY BRANCH) VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110 002 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 gases retained for the manufacture of petro
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pplied 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 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 quan
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