Addressing the media, he highlighted that Petroleum Dealers are burdened with an 18 percent VAT on the CPC’S three percent discount.
Despite their willingness to pay VAT, he emphasized it’s unlawful to impose VAT on this discount. He noted efforts to raise this concern with relevant authorities, including the Inland Revenue Department, Finance Ministry, and CPC, without receiving concessions for three months, Sandanayaka said.
Consequently, their association has decided to alert all members about this issue, he said.All fuel distributors, including CPC, Sinopac, IOC, and RM Parks (Private) Limited, convened to address the issue last morning.