ITC claim on Import Goods
Rajeev Pandey (31 Points)
05 November 2017
How to claim IGST paid with custom duty.
Rajeev Pandey (31 Points)
05 November 2017
srinivas
(Asst.Manager)
(100 Points)
Replied 05 November 2017
srinivas
(Asst.Manager)
(100 Points)
Replied 05 November 2017
ketan
(Small Business)
(74 Points)
Replied 04 April 2018
we import in jan-208 and custom duty ( IGST & CESS ) paid on mar-2018 tahn when i take itc ? jan-2018 or mar-2018?
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 04 April 2018
U CAN ALSO CHECK @ GSTR 2A @ GST PORATL
Shankar Sharma
(505 Points)
Replied 04 April 2018
@ Naveen IGST paid along with CD will not reflect in GSTR2A.
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 04 April 2018
| Originally posted by : Shankar Sharma | ||
 |
@ Naveen IGST paid along with CD will not reflect in GSTR2A. |  |
OK G
ketan
(Small Business)
(74 Points)
Replied 04 April 2018
BUT ITC OF IGST CLAIM IN WHICH MONTH ?
AT THE TIME OF PURCHASE ? OR PAID
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 04 April 2018
| Originally posted by : ketan | ||
|
BUT ITC OF IGST CLAIM IN WHICH MONTH ? AT THE TIME OF PURCHASE ? OR PAID |
|
IF SUPPLIER PAID THE SAME
AND FILE RETURN OF THAT MONTH
Shankar Sharma
(505 Points)
Replied 04 April 2018
@ Mr. Ketan. Same query was in other thread also, where I have replied, that you can claim ITC for IGST paid along with CD, in the month you paid the duty and igst. How can you claim earlier without paying? The document is not your import invoice but the bill of entry
ketan
(Small Business)
(74 Points)
Replied 05 April 2018
Sir , i Explain my transaction. We import COAL from Singapore in bulk qty on HIGH SEAS base. in jan-2018 we import 33000 tone coal from singapore. Invoice make in Jan-2018. 7 Bill of entry generate ( 5000 tone * 6 = 30000 and 3000 tone *1 ) import bill 33000 tone @ 71 $ = 23,43,000 $ @ 65.10 INR = INR 15,25,29,300. We enter purchase 33000 tone INR 15,25,29,300. NO ANY TAX IN INVOICE.
now we pay custom on 1st Bill of Entry 5000 tone INR ( 2,31,10,500 ) IGST 5% = 11,55,525 + 20,00,000 ( Rs.400 per tone )
now we pay custom on 2nd Bill of Entry 5000 tone INR ( 2,31,10,500 ) IGST 5% = 11,55,525 + 20,00,000 ( Rs.400 per tone )
now we pay custom on 3rd Bill of Entry 5000 tone INR ( 2,31,10,500 ) IGST 5% = 11,55,525 + 20,00,000 ( Rs.400 per tone )
in diff month Feb / March & April. than my question is when i take ITC OF IGST & CESS ?
daxesh
(Manager Finance & accounts)
(195 Points)
Replied 29 May 2018
CAclubindia
