Igst credit
This query is : Resolved
Rajkumar Gutti
(Querist)
22 August 2017
WE ARE IMPORTED GOODS & PAY CUSTOM DUTY WITH IGST. FOLLOWING
IS THE EXAMPLE.
ASSESSABLE VALUE 100
CUSTOM DUTY 10
ED.CESS 3
IGST 20.34
IGST PAID ON ( 100+10+3)18% =20.34
CAN WE GET CREDIT OF IGST 20.34 OR RS.18 ON ASSESSABLE VALE
PLEASE GUIDE RIGHT METHOD WHICH IGST SECTION OR PLASE GIVE LEGAL
REFERENCE.
SIR THIS MATTER IS MOST URGENT PL.GUIDE WITH SECTION.
THANKING YOU
REGARDS
RAJKUMAR GUTTI
IS THE EXAMPLE.
ASSESSABLE VALUE 100
CUSTOM DUTY 10
ED.CESS 3
IGST 20.34
IGST PAID ON ( 100+10+3)18% =20.34
CAN WE GET CREDIT OF IGST 20.34 OR RS.18 ON ASSESSABLE VALE
PLEASE GUIDE RIGHT METHOD WHICH IGST SECTION OR PLASE GIVE LEGAL
REFERENCE.
SIR THIS MATTER IS MOST URGENT PL.GUIDE WITH SECTION.
THANKING YOU
REGARDS
RAJKUMAR GUTTI
22 August 2017
You will get Input of the entire amount of IGST, i.e., Rs. 20.34
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
