Availed IGST Credit One Month prior

[Asked by Guest]

Sir

We paid IGST on Import. Ideally i should claim IGST as input in a month of bill of Entry i e Oct 17. I Wrongly claim it in the month of Sept 17. I filed return Till Sept 17. Oct Return is still to be submitted. What remedy is available for. Should i adjust it in next month Credit (Claim that much less credit) or can i claim full credit and reverse it below in reversal.

AI Summary

Input tax credit timing: reverse prematurely claimed import IGST and re claim in the month the credit accrues.
Claim Input Tax Credit for IGST on imports only when it accrues and the invoice/goods are available; claiming before accrual is not in accordance with section 16 and rules. Reverse the prematurely claimed credit in the subsequent month as ineligible and then claim the credit in the month the import credit actually accrues; one view suggested retention if the tax was paid in the earlier period, but guidance emphasises reversal and re claim to align with accrual and invoice requirements.