Input credit under GST act.

[katkoori baburao]

Sir,

Can Import Duty be taken as input credit under GST act.

[KASTURI SETHI]

Yes. CVD and SAD can be taken.

[Ganeshan Kalyani]

Yes credit of CVD and SAD (now IGST ) can be set off against liability arising out of taxable output supply .

AI Summary

Import Duty as Input Credit Under GST: CVD and SAD Eligible for Credit, Offset Against IGST Liabilities A query was raised about whether import duty can be claimed as input credit under the GST Act. Two responses confirmed this possibility. The first response clarified that the Countervailing Duty (CVD) and Special Additional Duty (SAD) can be taken as input credit. The second response reiterated that credit for CVD and SAD, now replaced by Integrated Goods and Services Tax (IGST), can be offset against the liability from taxable output supply.