Igst on import can we offset with available igst reverse ?

SIVAKUMAR (MANAGER -FINANCE & ACCOUNTS )   (66 Points)

28 April 2018  

We are proposed import capital goods and which involves igst of Rs.20,00,00.00 but we have igst reserve in our electronic credit ledger for Rs. 25,00,000.00 In this situation , can we offset the same and import goods without making igst like duty credit scrips .

 

regards ; P.SIVAKUMAR .