IGST ITC RELATED QUERY

This query is : Resolved 
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This discussion clarifies whether Input Tax Credit (ITC) for IGST paid on imported goods can be claimed. If goods are imported for resale through a courier agency like FedEx and IGST is paid, the credit should be reflected in your GSTR-2B. You can indeed claim the IGST paid as ITC, as shown by the example where ₹12,000 IGST paid on a ₹1 lakh import was reflected and claimable.

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(Querist)
13 April 2022 Our one client import of goods for home consumption (Resale purpose) through FEDEX COURIER AGENCY and paid IGST on total imports. And data reflected under Gstr-2B also. So we can take ITC in GST?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 April 2022 Yes, take ITC in GST based on GSTR 2B.
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deepak

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deepak (Querist)
13 April 2022 Import goods value 1lac and igst paid 12000 and entry reflected under GSTR-2b 12000, so can we take 12000 credit ??
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CA Puja Sharma

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CA Puja Sharma (Expert)
13 April 2022 Yes, you can take credit of 1200 paid as IGST at the time of import.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 April 2022 Yes, take 12000 credit.
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