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Petroleum oils, crude is exempt from GST. Nothing is charged on the taxable value, and input tax credit is restricted on inputs used only for exempt supplies.
| Product / service | Petroleum oils, crude |
|---|---|
| HSN code | 2709 |
| Total GST rate | 0% |
| CGST (central, intrastate) | 0% |
| SGST / UTGST (state, intrastate) | 0% |
| IGST (interstate) | 0% |
Petroleum oils, crude is exempt from GST (0% rate). No GST is charged on this product or service. Businesses dealing in exempt goods may not be able to claim Input Tax Credit on inputs used exclusively for exempt supplies.
The HSN code 2709 must be mentioned on your GST invoice. Businesses with annual turnover above ₹5 crore must use 6-digit HSN codes; those above ₹1.5 crore up to ₹5 crore must use 4-digit codes.
As a GST-registered business, you can claim Input Tax Credit on purchases of Petroleum oils, crude used for taxable business activities. Check that your supplier issues a valid GST invoice with their GSTIN on it.
GST rates change by notification. This page is general information, not tax advice — confirm the current rate with a qualified professional before you file.