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GST on Customs

Sravan Reddy G (CA) (618 Points)

10 July 2018

Hi friends
Can any one tell me that
Can I take input gst of imported goods

Plz tell me

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3 Replies

Pankaj Rawat (GST Practitioner) (55030 Points)
Replied 11 July 2018

Yes Offcourse you can avail ITC on goods imported

Purusothaman Raja (195 Points)
Replied 11 July 2018

u can eligible credit igst only.

Saifullah Khalid (Autodidact/Curious ) (633 Points)
Replied 12 July 2018

Originally posted by : Rajanikanth
	Hi friends Can any one tell me that Can I take input gst of imported goods Plz tell me

Prior to GST system the imported goods were charged with many types of central government duties/taxes e.g Basic Customs duty(BCD) + Countervailing Duty(CVD) + Additional Countervailing duty (ACVD) + Anti dumping duty and other types of cess , among these all type of duties only CVD/ACVD were availble to importers or manufacturers as input credit in form of MODVAT (...but to avail MODVAT etc you needs to be central excise registered bussiness organisation ) .... but post GST the CVD/ACVD were both replaced by IGST , though the BCD and Anti dumping duty still prevails... so now you can avail the IGST which you paid on imports but Basic Customs Duty is not allowable as input credit...