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.
3 Replies
Devendra
(Chartered Accountant)
(4775 Points)
Replied 22 April 2011
NO INPUT TAX CREDIT ALLOWED ON THE GOODS.
REGARDS,
DEVENDRA
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 22 April 2011
Special Additinal Duty may get refunded provided the goods are sold in state by paying VAT, get more details with your customs clearing agent.
chetan
(accountant)
(321 Points)
Replied 24 April 2011
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
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