Gst for importers
This query is : Resolved
Mahesh Reddy
(Querist)
10 June 2017
Dear experts ,
me solving this.
Presently I am importing goods on which I am paying basic custom duty + cvd. That cvd I am availing input tax credit. Now I heard that under gst in place of cvd , igst is applicable. Can I take that igst as input credit or not??
me solving this.
Presently I am importing goods on which I am paying basic custom duty + cvd. That cvd I am availing input tax credit. Now I heard that under gst in place of cvd , igst is applicable. Can I take that igst as input credit or not??
Suresh Mittal
(Expert)
11 June 2017
Yes Credit of IGST paid on imports is available for ITC
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