INPUT CREDIT
VIKAS MAHESHWARI (Accountant ) (43 Points)
14 February 2019Material value
+Custom duty
+ GST
PLEASE ADVICE weather we avail input of Custom or Not..at Present GST Regine .
VIKAS MAHESHWARI (Accountant ) (43 Points)
14 February 2019
CS M Pota
(Company Secreatary)
(3180 Points)
Replied 14 February 2019
The Customs duty structure is Basic Customs duty + Social Welfare Surcharge +IGST .You can take credit of IGST and setoff.
VIKAS MAHESHWARI
(Accountant )
(43 Points)
Replied 14 February 2019
RAJA P M
("Do the Right Thing...!!!")
(127218 Points)
Replied 14 February 2019
CS M Pota
(Company Secreatary)
(3180 Points)
Replied 14 February 2019
When Excise was in effect you could claim CENVAT against CVD countervailing duty /additional duty of Cutsoms and Special Additional Duty which was @ 4% if you go more in the past you clould claim CENVATE against Education Cess and H.S education cess which were @ 2% and 1% only against CVD countervailing duty /additional duty of Cutsoms (which were call education cess of excise ) but so far Basic Customs duty and Education cess and H S education cess of Customs are concerned you were not allowed to clian CENVAT against the same.
Hope this will cleare doubt.
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