TMI BlogIGST CREDIT UNDER ZERO % EPCG SCHEME - 12X X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, We have 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 Basi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... c duty + IGST as CVD. But 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 repl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y. Regards, Sanjay Patel - Reply 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 appe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nded below:- Amendments to Foreign Trade Policy 2015-2020 - Extension of Integrated Goods and Service Tax (IGST) and Compensation Cess exemption under Advance Authorisation, EPCG and EOU scheme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... upto 31.03.2020. - 57/2015-20 - Foreign Trade 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. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Had you paid off the same in Cash and are supplying taxable goods/services, you would have been eligible for ITC. - IGST CREDIT UNDER ZERO % EPCG SCHEME - 12 - Query Started By: - Sanjay Patel Dat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed:- 3-5-2019 Customs - Import - Export - Customs - SEZ - Got 2 Replies - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanageme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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