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IGST on Import

IGST 266 views 3 replies
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Senior Audit Executive
58 Points Posted on 05 July 2017
Can I utilize Input Tax Credit for payment of IGST on Imports. ?
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On 05 July 2017 at 13:17 Report
Replies (3)
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Finance Professional
3931 Points Posted on 05 July 2017
  • A person will be entitled to Input Tax Credit under GST in respect of inputs held in stock  or in semi finished state immediately preceding the date of which he becomes liable to pay tax, if he has applied for new registration.

  • The Input Tax Credit under GST of CGST shall be first utilized towards the payment of output CGST and then towards the payment of output IGST

36 Reply
On 05 July 2017 at 13:57
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Senior Audit Executive
58 Points Posted on 05 July 2017
If I'm having accumulated IGST, can I utilize the credit of the same for paying IGST in subsequent imports ?
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On 05 July 2017 at 16:32
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Senior Audit Executive
58 Points Posted on 05 July 2017
If I'm having accumulated IGST, can I utilize the credit of the same for paying IGST in subsequent imports ?
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On 05 July 2017 at 16:33


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