Regarding IGST credit

[Jasbir Uppal]

Dear professionals,

The IGST paid on import of goods from out of Indian Territory which is out credit should be showing in cash balance on GSTN portal but it is not shown and the taxpayer is unable to adjust the liability of RCM. In GSTR-3B there is no mechanism for adjustment IGST with liability of RCM.

Professionals brother and sister please give the valuable views.

With regards

J.S. Uppal

Tax Professional

AI Summary

Tax Pros Clarify: IGST on Imports Can't Offset RCM in GSTR-3B; Must Use Cash Ledger for RCM Payments. A tax professional raised a query about the inability to adjust IGST paid on imports against the liability of Reverse Charge Mechanism (RCM) in the GSTR-3B form. Several professionals responded, clarifying that IGST paid on imports is credited to the electronic credit ledger and cannot be used to settle RCM liabilities, which must be paid from the cash ledger. They emphasized the distinction between the electronic cash ledger and credit ledger on the GST portal. The discussion concluded with the confirmation that the matter was clarified, with no remaining doubts.