TaxTMI 
TaxTMI 
IGST CREDIT UNDER ZERO % EPCG SCHEME - 12
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....GST CREDIT UNDER ZERO % EPCG SCHEME - 12<br> Query (Issue) Started By: - Sanjay Patel Dated:- 3-5-2019 Last Reply Date:- 4-5-2019 Customs - Exim - SEZ<br>Got 2 Replies<br>Customs<br>Dear Sir, We have....
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.... imported machinery under Zero % Epcg scheme No. 12. - Exim notification no. 16 / 2015 We have not paid any duty , i.e Basic + social welfare + igst. The B/E shows the Basic duty + IGST as CVD. But ....
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....under GSTIN Details IGST shown as ZERO. Our CHA inform us that we can avail the IGST. We want to confirm that we can take a credit of IGST or not. Waiting for your reply. Regards, Sanjay Patel Re....
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....ply By KASTURI SETHI: The Reply: IGST is exempted up to 31.3.2020 vide DGFT Notification No.57/2019 dated 20.3.19. How ITC can be taken ? Notification is appended below:- Amendments to Foreign Trade....
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.... Policy 2015-2020 - Extension of Integrated Goods and Service Tax (IGST) and Compensation Cess exemption under Advance Authorisation, EPCG and EOU scheme upto 31.03.2020. - 57/2015-20 - Foreign Trade ....
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....Policy Reply By CSSANJAY MALHOTRA: The Reply: Dear Mr Patel, You can't avail IGST credit as you have not paid the same during Import clearance. Had you paid off the same in Cash and are supplying t....
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....axable goods/services, you would have been eligible for ITC.<br> Discussion Forum - Knowledge Sharing ....