How to avail input tax credit in case of import purchase

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To claim Input Tax Credit (ITC) on imported goods, you can declare the value in your GSTR-3B under the 'import of goods' section. The Bill of Entry serves as the valid document for claiming this credit. This ITC will subsequently be reflected in your GSTR-2B, simplifying the process.

Shikha gupta

Shikha gupta (Querist)
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16 February 2021 what is the procedure to avail input tax credit-IGST in case of import purchase

CA Altamush Zafar

CA Altamush Zafar (Expert)
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16 February 2021 Refund available if you are exporting or you are under inverted duty structure

Shikha gupta

Shikha gupta (Querist)
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16 February 2021 please explain. if there is any form for claiming ITC

CA Altamush Zafar

CA Altamush Zafar (Expert)
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16 February 2021 To avail itc you can simply insert value in gstr3b under import of goods. Bill of entry is valid document take itc
The same will also reflect in your gstr2b

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