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
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