ITC on IGST on Project Import
This query is : Resolved
Quick Summary
02 January 2025
Sir
One psu entered into two contacts first is off shore supply contract (pure supply contract) and import mandatory spare from foreign and contractor/company paid custom duty under project import with igst.
further company was entered into second separate contract civil contract with same firm.
Query-
(1) Can contactor eligible for itc of igst on project import under off shore supply contract?
(2) If eligible, can contract used this itc in second civil contract for payment of cgst/sgst?
Regards
One psu entered into two contacts first is off shore supply contract (pure supply contract) and import mandatory spare from foreign and contractor/company paid custom duty under project import with igst.
further company was entered into second separate contract civil contract with same firm.
Query-
(1) Can contactor eligible for itc of igst on project import under off shore supply contract?
(2) If eligible, can contract used this itc in second civil contract for payment of cgst/sgst?
Regards
Dhirajlal Rambhia
(Expert)
03 January 2025
1. Yes.
2. Yes, after paying off IGST dues, if any.
2. Yes, after paying off IGST dues, if any.
03 January 2025
Can anybody provide relevant circular/guidelines in respect of point no 1
Thanks
Thanks
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