Dear Experts.
We are an importer of hardware items .We import every month a huge quantity of goods .
As per BE we are taking input IGST in our books but every month there is a lot of difference between our input figure and 2B input figure due to non transfer of input by customs department .Out of 15 import we are getting only 5-6 credit , so every month we are reducing the amount and carry forward to next month like way.
Say this oct -21 we have a credit of 95 Lacs as per this month's total BE but in 2B it is showing 21 Lacs credit , if we take 95 lacs then it is against the input rule ( can take upto 5% more ) .So we are taking nearabout 21 lacs input and remaining carryforward to next month and same way like that.
If there is any rule for taking full credit of IGST as per BE even though it is not appeared in 2B ?
Waiting for your advice
Thanks
Gupta
CAclubindia
