I have a petrol pump. we purchase petrol & diesel. now,seller company give me dealer margin amount per monthly on petrol & diesel.can we liable to pay gst on dealer margin amount??

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

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