While clarifying the issues on applicability of Goods and Services Tax (GST) on the superior kerosene oil retained for the manufacture of Linear Alkyl Benzene, the Central Board of Excise and Customs (CBEC) said that GST will be payable by the refinery only on the net quantity of superior kerosene oil (SKO) retained for the manufacture of Linear Alkyl Benzene (LAB).
However, the Board said that refinery would be liable to pay GST on such returned quantity of SKO, when the same is supplied by it to any other person.
TYhe clarification was in the light of the recommendation of the GST Council in its 22nd meeting held on first week of this month.
Read the full text of the Circular below.
