Gst on payment of igst
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 October 2018
Dear Professionals,
My client has supplied to SEZ for F.Y.17-18 amounting to Rs.16,00,000.During the time of audit, it was found that he had not applied for LUT for F.Y.17-18.As per the law, he now has to pay IGST @ 18% amounting to Rs.288000 as the supply to SEZ equated to Zero rated supply. He has paid the IGST amounting and the effects of the same will be showin in GSTR 3B and GSTR 1 accordingly.My concern is as under -
1.Can I take the credit of IGST paid against my domestic sales as the sales affected is not even 5% of turnover and I can easily absorb the same against the liability for the month of Sept,2018
2.If the answer to the above question is yes, do let me know where I should the same in GSTR 3B as if I take the credit of the IGST paid, the same would not match with GSTR 2.
Requesting you to guide me ASAP.
My client has supplied to SEZ for F.Y.17-18 amounting to Rs.16,00,000.During the time of audit, it was found that he had not applied for LUT for F.Y.17-18.As per the law, he now has to pay IGST @ 18% amounting to Rs.288000 as the supply to SEZ equated to Zero rated supply. He has paid the IGST amounting and the effects of the same will be showin in GSTR 3B and GSTR 1 accordingly.My concern is as under -
1.Can I take the credit of IGST paid against my domestic sales as the sales affected is not even 5% of turnover and I can easily absorb the same against the liability for the month of Sept,2018
2.If the answer to the above question is yes, do let me know where I should the same in GSTR 3B as if I take the credit of the IGST paid, the same would not match with GSTR 2.
Requesting you to guide me ASAP.
CA R SEETHARAMAN
(Expert)
15 October 2018
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