Dear all
We have imported material from various countries and have paid hue amount of custom duty and IGST.
Can we claim Refund of IGST paid on Import?
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IGST Refund
Replies (8)
Yes u can take itc of igst paid only... And for custom duty no refund
What is it?
What is itc?
Input tax credit against ur outward taxable supply
If u r in inverted duty structure then u can claim for refund
Sir, we are not in a business where IGST will be applicable, ours is a local business so Keeping huge amount in credit don't make sence, was wondering if we can take credit of it.
You can offset IGST to pay CGST and SGST also
Igst can be set off with any head... Igst with igst and then igst with cgst and then igst with sgst
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