Free of cost

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accountant
461 Points Posted on 30 June 2020
import goods received on free of cost basic for business purpose.

company bare custom duty can I able to IGST input paid on that.
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On 30 June 2020 at 21:29 Report
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Quick Summary
This discussion clarifies whether businesses can claim IGST input tax credit when importing goods on a free of cost basis. The consensus is yes, provided the Bill of Entry (BOE) is in the company's name and customs duty has been paid.

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4215 Points Posted on 30 June 2020
Yes you can avail the same
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On 30 June 2020 at 21:36
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GST Practitioner
55067 Points Posted on 30 June 2020
Yes if the BOE is in your name.
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On 30 June 2020 at 23:31

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