Confusion on ITC in case of Import

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This discussion addresses confusion regarding Input Tax Credit (ITC) for imported goods. Key questions revolve around the correct month for claiming IGST ITC, how to handle temporary reversals if claimed in March, and the specific tables for reporting such claims. The advice suggests claiming ITC in March 24, reversing it in the reclaimable column, and using a separate option for re-claiming. Crucially, it highlights the need for correct GSTIN declaration on the Bill of Entry and retaining supporting documents for a valid IGST claim.

Rakesh Sharma

Rakesh Sharma (Querist)
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10 March 2024 Dear Expert,

We have paid custom duty including IGST part on 24th Feb, 2024 and IGST is showing in our 2A, and the material has arrived at Factory premises on 03rd March 2024.
Pls resolve the below queries :-
1) In which month we have to take ITC.
2) If it is March-24, should we show the IGST in Table 4(b)(2) - Temp reversal or reduce the available IMPORT IGST by this amount.
3) during re-claimable in which tables we have to show this amount.

Kindly advice

RAJA P M

RAJA P M (Expert)
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10 March 2024 1. In March 24..... 2. Yes, Reverse the ITC in reclaimable column..... 3. It's reclaim in the separate Option.

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)
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16 August 2025 To claim ITC on imports, ensure your GSTIN is correctly declared on the Bill of Entry, and you retain supporting documents like IEC and paid customs documents. Without these, your IGST claim may be invalid—even if the tax has been paid.

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