Will i get ITC on exported electronics as CVD applied in excise?

I am electronics dealer if my principle had import materiel more than 25000 value and paid cvd (import duty) then also we will get 100%input credit on that materiel or not bcoz in the case of import materiel only cvd is applied in lieu of excise

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1 Answer(s)

Yes you would get input credit under GST.The principal will pay IGST and bill to you and take credit for IGST. You will pay tax on purchaze and take input credit on output sale.

Answered on June 22, 2017.
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Gen GST