INPUT CREDIT
VIKAS MAHESHWARI (Accountant ) (43 Points)
14 February 2019Material value
+Custom duty
+ GST
PLEASE ADVICE weather we avail input of Custom or Not..at Present GST Regine .
VIKAS MAHESHWARI (Accountant ) (43 Points)
14 February 2019
CS M Pota
(Company Secreatary)
(3186 Points)
Replied 14 February 2019
The Customs duty structure is Basic Customs duty + Social Welfare Surcharge +IGST .You can take credit of IGST and setoff.
VIKAS MAHESHWARI
(Accountant )
(43 Points)
Replied 14 February 2019
RAJA P M
("Do the Right Thing...!!!")
(128047 Points)
Replied 14 February 2019
CS M Pota
(Company Secreatary)
(3186 Points)
Replied 14 February 2019
When Excise was in effect you could claim CENVAT against CVD countervailing duty /additional duty of Cutsoms and Special Additional Duty which was @ 4% if you go more in the past you clould claim CENVATE against Education Cess and H.S education cess which were @ 2% and 1% only against CVD countervailing duty /additional duty of Cutsoms (which were call education cess of excise ) but so far Basic Customs duty and Education cess and H S education cess of Customs are concerned you were not allowed to clian CENVAT against the same.
Hope this will cleare doubt.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)