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TMI BlogImport Duty to be passed on post supply but before GSTX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sirs we are the manufacturer as well trader have some of the item imports, and being sell along with manufacturing item, through distributors channel, the distributors are going to availed credit on manufactured item as Excise is charged and reflecting in the invoice, but the same manufactured items sent from our North depot to the distributors with retail invoice they do not have evidence i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n the retails invoice that is a excise paid material, Further we are facing issue while preparing trading bill which import duty paid material, while selling we are not displaying the import duty component we paid in the invoice, and its gone against 2% cst out side states, thus distributors is not having any documentory evidence that the goods has been duty paid. Is there any ways where we can ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... issue any invoice now showing import duty paid. Your valued suggestion is highly appreciated. thanks Mitesh - Reply By Govind Gupta - The Reply = i think there are three options available to bill directly from factor under excise invoice to bill from exicisable warehouse to issue duty paying document ( recently issued document which is eligible for credit under cenvat credit rules), it ca ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n be issued to anyone in the chain ( not necessarily even if you have not sold directly to the person who holds that stock but a chain is followed), but there are lot of compliance and documentation requirements - Reply By Kishan Barai - The Reply = Post GST it would be Basic + IGST where IGST credit is fully available. - Reply By vk agarwal - The Reply = No credit of basic customs duty is ava ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ilable to the buyer of imported goods. Credit of only IGST is allowed. If the goods did not show excise duty on bills, the trader who sells such goods after GST can get deemed credit @60% of 9% if the CGST rate is 18%. He can claim this in maximum 6 months No credit is available if the goods were sold on payment of 2% CST - Import Duty to be passed on post supply but before GST - Query Start ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed By: - Mitesh Gandhi Dated:- 16-6-2017 Customs - Import - Export - Customs - SEZ - Got 3 Replies - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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