9911796707
TMI BlogIGST Input Credit on goods received from overseas OEM Supplier on LOANX X X X Extracts X X X X X X X X Extracts X X X X ..... IGST Input Credit on goods received from overseas OEM Supplier on LOAN X X X X Extracts X X X X X X X X Extracts X X X X ..... br>Got 4 Replies X X X X Extracts X X X X X X X X Extracts X X X X ..... No foreign exchange is involved. However, applicable import duty is paid. Please suggest. Regards Saravanan. Reply By KASTURI SETHI: The Reply: Yes because it is in the course of business or fur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... therance of business.Presuming that the word'material' stands for machinery, when the goods are to be returned proportionate credit will have to be reversed. Reply By subramanian vijayakumar: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The Reply: I agree with expert Sethy sir views Reply By Kishan Barai: The Reply: Totally agree with the views of shree KASTURI SETHI sir, you will get refund of IGST paid at the time of imports ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... but make sure you need to sell with products with bill & GST has to be charged in it, only by demonstration & no sales, then no ITC on import duty IGST can be claimed. Reply By KASTURI SETHI: The Re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ply:
Sh.Krishan Barai, Sir You seldom appear in this forum. Pl. participate daily. I think you can spare 15-20 minutes daily which matter a lot for this forum as well as visitors and experts. X X X X Extracts X X X X X X X X Extracts X X X X ..... cussion Forum - Knowledge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
