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Input tax credit
Can you please guide us on following
1. Can we claim CVD & SAD as input Tax Credit.
2. Custom Duty as input Tax Credit
Replies (3)
Under GST CVD and SAD are being merged but not basic custome duty. So there credit will be allowed as IGST under GST
thanks for prompt reply. that means we can avail this paid CVD & SAD as Input Tad Credit
If you could clarify, regarding a firm which imports products to India for sale (The firm doesn't have an excise registration) It imports products for resale only. Whether the firm will be able to claim 100% ITC of CVD & SAD on its closing stock held by it as on 30th June 2017.
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