Whether customs duty paid for capital purchase from foreign country, can be taken as input credit against GST service tax output?
1 Replies
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 26 February 2017
No the basic customs duty not available.
Import duites include basic + additional + special addl. The additional duties + special addtional duties are only eligible for credit. In GST they wouldbe merged and called IGST, credit of which wouldbe available.
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