HELLO FRIENDS, IF THE PERSON PURCHASES GOODS FROM CHINA AFTER PAYING CUSTOM DUTY AND SALE AS IT IS WITHIN STATE IS HE ENTITLED TO ANY INPUT TAX CREDIT OR NOT.
PLS. HELP ME.
Menu
INPUT TAX CREDIT IN CASE OF IMPORTS
Replies (3)
NO INPUT TAX CREDIT ALLOWED ON THE GOODS.
REGARDS,
DEVENDRA
Special Additinal Duty may get refunded provided the goods are sold in state by paying VAT, get more details with your customs clearing agent.
HI
If you useing the said commodity as raw material for fineshed products then you cant claim. But if you are doing trading of commd. then you get SAD 4%. within one year from release of commod.
If you require further help contact me on my below no. I have SAD consultanct no. He will help you in the same.
Chetan
9664297976
Recent Threads
- Can I set off equity losses(both short term loss a
- Input tax credit on rent to rent
- Family Pension Army
- Waste Management services
- Seeking Clarity: New Transport Allowance Limits (D
- Query regarding Consolidated Gift Deed for Bank Tr
- TDS u/s194IB - Joint Ownership
- Free GST Reconciliation Tool in Google Sheets R
- NRI return after due date refund case
- TDS u/s 194J - training honorarium
Related Threads
CAclubindia
