Import igst how to claim ? partially or single

IGST 163 views 7 replies

Dear Sir

I Am a Small Importer , I have Questions Pls Clarify 

Goods Imported : 1000 Nos
IGST : 20/- for each
Total IGST Paid : 20000/- 

Date of Import : 5-4-2018
Sold April Month : 500 PCs

Remain Stocks i have : 500 Pcs

Import Goods and  IGST Paid for 1000 Pcs @ 20/-  for Month of APRIL  = 20000/- 
APRIL Month We sold 500 Pcs - So can i Utilise the Complete IGST which i paid for Import 20000/- or 10000/- 


But My total Liability of Tax APRIL : 50000/- ( other items are sold )
so Can i apply 20000/- or 10000/- 

Which is correct Pls Guide me 

How Can i Utilise the IGST which i paid for Import 


Pls Guide me 

Replies (7)
Originally posted by : syam max
Dear Sir

I Am a Small Importer , I have Questions Pls Clarify 

Goods Imported : 1000 Nos
IGST : 20/- for each
Total IGST Paid : 20000/- 

Date of Import : 5-4-2018
Sold April Month : 500 PCs

Remain Stocks i have : 500 Pcs

Import Goods and  IGST Paid for 1000 Pcs @ 20/-  for Month of APRIL  = 20000/- 
APRIL Month We sold 500 Pcs - So can i Utilise the Complete IGST which i paid for Import 20000/- or 10000/- 


But My total Liability of Tax APRIL : 50000/- ( other items are sold )
so Can i apply 20000/- or 10000/- 

Which is correct Pls Guide me 

How Can i Utilise the IGST which i paid for Import 


Pls Guide me 

You Can Utilized Rs. 20,000/- IGST againts Liabity of GST

Sir

But i did't sell remain 500 Pcs - I have the Stocks with me 

So can i use comlete IGST which i paid import ? is that okay sir 

Yes you can claim the entire amount. Balance if any can be carried forward

That means - even if have i the remain stocks 

I can utlise the entire IGST amount which i paid on import - RIght Sir 

Originally posted by : syam max
Sir

But i did't sell remain 500 Pcs - I have the Stocks with me 

So can i use comlete IGST which i paid import ? is that okay sir 

You are eligible to Claim ITC when You have fullfill below mentioned condition

1 You have received Goods

2 You have received Purchase Document

So In your case You fullfilled both condition 

Than You are eligible entire ITC on Import

thank you sir 

I know  that you had find difficulties while filling igst return. No nee to worry call us at 9152747616 or visit https://www.essentialadvisory.in


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