INPUT TAX CREDIT
Query (Issue) Started By: – SOHAN LAL Dated:- 22-4-2018 Last Reply Date:- 26-4-2018 Goods and Services Tax – GST
Got 6 Replies
GST
DEAR SIR
\nI WANT TO KNOW THAT I AM RUNNING PETROL PUMP AND I AM SELLING 2 NON GST ITEMS (PETROL AND DIESEL)AND ONE GST ITEM (LUBRICANTS). SO MY QUERY IS THAT CAN I AVAILED ITC ON OTHER EXP. BILL LIKE TELEPHONE EXP. , REPAIR AND MAINT. ETC. AND UTILZIED IN OUTPUT TAX ON LUBRICANTS SALE.
\nReply By KASTURI SETHI:
\nThe Reply:
\nYour main supply is petrol (Non-GST) and other two non-GST items. . Are you in a position to segregate the expenses (telephone, repair and maintenance etc.) incurred towards taxable and non-taxable supply ? ITC is not beneficial for you, it being costly in the even<\/p>\n
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