Imported Material ITC ?

Only for GST part can be taken as ITC

Sir My doubt is why not taken customs duty ITC ,is there any notification.pl share

The GST will levy in Accessible value which includes both goods value + BCD

Lets understand with example:

If the assessable value of  goods imported into India is Rs. 100/-.

Basic Customs Duty is 10% ad-valorem.

Integrated tax rate is 18%.


Assessable Value= Rs. 100/-
Basic Customs Duty (BCD) = Rs. 10/-
Value for the purpose of levying IGST = Rs. 110/-
GST – Integrated Tax = 18% of Rs.110/- = Rs. 19.80
Total Taxes = Rs. 19.80

So you can avail ITC for Rs. 19.8

Good explanation.
Nice explanation sir.

Sir, Bill of Entry showing Basic customs duty + Sec.high Edu cess + Seachh Bharat cess also. can we take ITC including above duties +assessable value. = GST- Integrated Tax =18%. Is it correct.or Only taken the BCD .Pl. clarify.