An assessee is running a Petrol Pump. GST is not leviable on sale of Petrol and Diesel. GST is leviable only on sale of lubricants. If such assessee is received dealer margin or incentive from indian oil coproration ltd, then on such dealer margin or incentive, IS GST LEVIABLE?? IS ASSESSEE REQUIRED TO PAY GST ON SUCH DEALER MARGIN OR INCENTIVE OR IT IS EXEMPTED FROM GST??

Reply;- GST is applicable on a consideration received for a taxable supply of goods or services or both. Since sale of petrol & diesel is out of the scope of GST,  incentives received against non-GST supply, are not taxable under GST. But since sale of lubricants is taxable. Incentive received against sale of lubricants would be taxable.

However, we suggest to check the nature of incentive and the document issued for such incentive to decide the taxability of the same.