IGST From import in 3B

This query is : Resolved

binu sukumaran (Querist)
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20 July 2022 Dear sir,
We have doing import and export business in Kerala .
In case of import we make payment IGST payment ,but it will take more than 2 to 3 month to reflecting in 2B. If we not account while receiving ,our stock
will be mismatched .more over we have tally software, while
updating 3B from tally such IGST from import reflected in 3b
and red mark is showing.
Please advise how to solve this problem
1. Import of IGST reflected not in current month
2. How to account this transaction
Please advise
With regards
Binu

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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20 July 2022 Don't claim ITC till it's reflected in 2b.
In the accounts keep it under ITC claimable account.

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