IGST paid on Importd
Bhanu Sai (3 Points)
20 June 2018
What is the procedure to claim IGST paid on imports?
4 Replies
CA Sunil Kumar
(Chartered Accountant)
(4524 Points)
Replied 20 June 2018
ITC in case of imported goods is available only in respect of IGST paid on imports.. the basic customs duty (BCD) on imports can not be claimed as ITC..
To claim ITC on imports, just fill GSTR-1 form and GSTR-3B form as of now and in GSTR-3B form, claim your ITC in Table 4 entry A(1) against import of goods..
Going forward, when GSTR 2 form is operationalized, you have to enter your invoice details of imports in the form.. but this form filing is deferred
To claim ITC on imports, just fill GSTR-1 form and GSTR-3B form as of now and in GSTR-3B form, claim your ITC in Table 4 entry A(1) against import of goods..
Going forward, when GSTR 2 form is operationalized, you have to enter your invoice details of imports in the form.. but this form filing is deferred
CA Shivam Arora
(Chartered Accountant)
(2414 Points)
Replied 20 June 2018
No you cannot claim refund of ITC in case of import.
CA Shivam Arora
(Chartered Accountant)
(2414 Points)
Replied 20 June 2018
No you cannot claim refund of ITC in case of import.
Recent Topics
- PREFERENCE SHARES - NBFC
- Vivad se vishwas scheme 2024
- List of banks for tax payments available at e-Pay
- Excess itc claimed then intrest applicable even if
- Financing for Properties and Businesses
- TAX DEMAND STILL SHOWING ON INCOME TAX PORTAL, EVE
- FORM 10 IEA IN Revised return
- ITC Eligibility on GTA
- Top Highest Tax-Paying Celebrities: FY 2023-24
- Misplace society Bye law
Related Threads
CAclubindia
