Igst credit
This query is : Resolved
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
- Tax on Deemed Capital Gain
- TDS on property - Form 141 query
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Exiting partner in partnership firm in gst portal
- IT returns for fresh job holders
- Traces submitting correction statement error
- Banking Related Issue
- Grand in aid
- Average Cost Of High Quality Diamonds
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
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
