One client has import of goods through FedEx courier for business purposes and paid custom duty and igst to the custom department. IGST amount is reflected in client GSTR-2B . Can we take credit of IGST amount against our local cgst and sgst liability??
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Import of goods and igst related
Replies (1)
YES.
IGST paid on import of goods is eligible for ITC and can be utilised against CGST and SGST liabilities, subject to standard ITC conditions.
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