Need to Utilize IGST Credit in my GST Account

I import PVC material and selling websites and Software. I have un used IGST on imports which is of Rs.825000 approx. and its getting increased every month. Need some help to get it utilized on a regular basis.

Replies (5)
Quick Summary
This discussion addresses a common issue for importers: accumulating unused IGST credit on imported goods like PVC material. The user has a significant amount of IGST credit that is increasing monthly and is seeking advice on how to utilise it. Options discussed include setting it off against output taxes or claiming a refund, particularly if the output tax rate is lower than the input tax rate (inverted duty structure). The user is looking for an experienced Chartered Accountant to assist with this process.

U can set it off against output taxes.

Hi, Thanks but I don't have additional sale or purchase. Gov valuate the material at higher rate than the original purchase price and that leads to generate more input tax credit every month.

U can claim under inverted duty if u output tax rate is lesser than input tax rate.
You may claim refund of tax on inputs

Is there any experienced CA available who can do it for me. Will pay your charges.

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