TaxTMI 
TaxTMI 
TaxTMI 
IGST Input Credit on goods received from overseas OEM Supplier on LOAN
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....GST Input Credit on goods received from overseas OEM Supplier on LOAN<br> Query (Issue) Started By: - saravanan rengachary Dated:- 9-11-2017 Last Reply Date:- 13-11-2017 Goods and Services Tax - GST<b....
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....r>Got 4 Replies<br>GST<br>Sir, Can we avail IGST input credit on the material IMPORTED for demonstration purpose on payment of duty. Please note that the imported material is received on LOAN basis. ....
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....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 furt....
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....herance 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: ....
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....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 b....
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....ut 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 Rep....
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....ly: 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.<br> Disc....
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....ussion Forum - Knowledge Sharing ....