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Eligibility of ITC on Customs Duty
The dealer made high sea purchases and paid Customs duty and IGST on services. He is eligible to claim ITC on customs duty paid. I think I am right. Clarification required which is urgent.
Replies (4)
Basic customs duty (BCD) , IGST .You cannot claim input credit of basic customs duty paid; You will have to add it to your cost. But the IGST amount paid can be claimed 100 % as credit and set off against output GST liability, arising on the sale of goods/ services.
Yes , in GST you cannot claim custome , yes for IGST paid 100% ITC is admissible
We can take ITC on IGST paid and to be set off payment against GST if any, but not on Customs Duty Incase of Imports.
yes you can .....................
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