Hi,
could you please confirm that if we takes input on Import material and due to some reason (demurrage charges) we debit the party. So, can we need to reverse the input against it or not ? how ever we paid tax to custom department.
Regard
vikram
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Reversal of gst input in case of import
Replies (2)
you can claim only cvd amount on imports. no need to reverse
Yes Mr. Kamath, but instead of CVD now IGST is being collected, along with basic duty. Only IGST is available for ITC for the eligible importers.
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