TaxTMI 
TaxTMI 
Sir,
Can Import Duty be taken as input credit under GST act.
Input credit under GST act.
30 Jun 2017 
2 Replies 
1105 Views Asked by
Input tax credit for import duties allowed; CVD, SAD and IGST credits may offset output tax liability.
Credit for Countervailing Duty (CVD) and Special Additional Duty (SAD) on imports qualifies as input tax credit; these duties, now subsumed as IGST credit under GST, may be applied to offset liability on taxable outward supplies. (AI Summary)
Credit for Countervailing Duty (CVD) and Special Additional Duty (SAD) on imports qualifies as input tax credit; these duties, now subsumed as IGST credit under GST, may be applied to offset liability on taxable outward supplies. (AI Summary)