can adjust IGST payable into ITC?
This query is : Open
19 August 2017
Iam exporter, IGST payable is Rs.150000 and ITC available Rs.350000. and we receiving Duty drawback and ROSL (State Leavy) against our export sales. which is giving by central govt up to sep17 with condition of No refund will be claim in our state due to state Leavy availing by us. In this case can we adjust IGST payable in to ITC (Contain both CGST & SGST).? pls clarify.
19 August 2017
You cannot avail input credit as it is a precondition for grant of Drawback and ROSL. You are also required to submit a declaration to this effect on the Shipping bill and other documents
N Jain
group.blr@gmail.com
N Jain
group.blr@gmail.com
19 August 2017
You cannot avail input credit as it is a precondition for grant of Drawback and ROSL. You are also required to submit a declaration to this effect on the Shipping bill and other documents
N Jain
group.blr@gmail.com
N Jain
group.blr@gmail.com
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