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IGST Paid on imports

Prasad Satpute (73 Points)

21 September 2021

dear all

how do i claim refund of igst paid on imports?

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4 Replies

VIKAS ESNAPURAM (CA-JOB) (226 Points)
Replied 21 September 2021

By filling GSTR- 3B, you can take ITC of the IGST paid by you. You can claim a refund of inputs only in case of an Inverted duty structure/Excess payment of tax. So, based on the same you can proceed.

Prasad Satpute (73 Points)
Replied 21 September 2021

Please explain more.

VIKAS ESNAPURAM (CA-JOB) (226 Points)
Replied 21 September 2021

IF YOU ARE UNDER AN INVERTED DUTY STRUCTURE YOU CAN CLAIM A REFUND.

IF YOU ARE NOT UNDER AN INVERTED DUTY STRUCTURE YOU CAN CLAIM ITC.

Imthias ahamed Kormath (910 Points)
Replied 21 September 2021

A is importer who paid igst on imported goods.
Then ,A supply to C with his Expenses and gp on that imported goods.
Then A filed gstr 3B for respective month.
A claim ITC on imported goods as per customs entry bill and net gst cash on tax liability b paid after collect from C only during six months or any condition mentioned in the invoice.
B may claim Itc as per invoice issued by A or any voucher issued by A ,on bill payment made by C ,' s base only.
If any excess payment made by inverted structure A & B may claim Refund. But conditions may b fullfilled by A