Question ID : 31633

TDS and Claim of GST

A License Fee Recovery in paid by the petrol bunk dealers to the oil corporation on each consignment of Stock deli every. Further GST is Collected by the oil corporation. The LFE GST cannot be collected from any of the consumers by the petrol bunk dealers. Whether the GST paid is to be treated as input tax or expenses in the year of payment. Whether TDS is to be deducted on the licence fee Recovery payment by the dealers

Answer ID : 68639

TDS is applicable at 2 percent or 10 percent depending on whether it is Site A or B - you may also check the circulars available by the concerned petroleum association. As per my understanding input credit will not be available on such GST.

Answer ID : 68642

in this regard as I understand the query, my suggestion is If petrol bunk dealer is registered under GST and filing regular return, then input credit will be available, otherwise no. Whether TDS is applicable @ 10 on the license fee as this is the technical fee.

Answer ID : 68653

Input tax to be treated as expense and tds is to be ddeucted

Answer ID : 69818

NO TDS is attracted as I do not find any section which requires the same.

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