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ITC On IGST paid on Import of Machinery

Komal Thakur (CA Final) (925 Points)

02 April 2021  

Dear Members

We purchased a Machinery from China, which will be used in manufacture of our End product. 

My query is if we can claim ITC on the IGST amount paid on the same or not? in both the cases please tell me the accounting as well as taxation treatment of the same.

 


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