Taking Credit of IGST Customs duty paid on import of goods

Procedure to avail the IGST Credit when import duty is paid by the exporter (seller) that is included in the price of the material imported.

Regularly we pay the customs duty and avail the IGST Credit from that duty.

But here exporter pays the duty and from which source IGST credit should be taken.

 

Replies (1)

To avail IGST (Integrated Goods and Services Tax) credit when the import duty is paid by the exporter (seller) and included in the price of the material imported, follow these steps: 1. *Ensure eligibility*: Verify that the imported goods are eligible for IGST credit. 2. *Obtain documents*: Get the following documents from the exporter (seller): - Bill of Entry (BoE) - Commercial Invoice (CI) - GST Invoice - Certificate of Origin (if applicable) 3. *Determine IGST amount*: Calculate the IGST amount paid on the imported goods based on the import duty paid by the exporter. 4. *Reverse charge mechanism*: Since the import duty is included in the price, you (the importer) are liable to pay IGST under the reverse charge mechanism. 5. *File GSTR-3B*: Report the IGST liability in your GSTR-3B return for the relevant month. 6. *Avail IGST credit*: Claim the IGST credit in your GSTR-3B return, ensuring that the credit is availed in the same month as the liability is reported. 7. *Maintain records*: Keep all relevant documents and records to support the IGST credit availed.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details