TaxTMI 
TaxTMI 
Dear experts,
We import machinery against EPCG licence. IGST paid throught EPCG licence.
Can we take ITC of IGST ? if yes please give us reference.
Zulfikar B. Vohra
ITC IMPORT AGAINST EPCG
02 May 2019 
6 Replies 
7910 Views Asked by
Guest 
Input Tax Credit of IGST: available when IGST is paid at import but unavailable if not paid in cash.
EPCG imports require IGST payment at import to avail Input Tax Credit of IGST and Compensation Cess; GSTIN must be declared in the Bill of Entry and ITC claims are validated via GSTN. Where IGST/Compensation Cess is not paid in cash because duties are debited against an EPCG licence, ITC of IGST is not available and cannot be claimed. (AI Summary)
EPCG imports require IGST payment at import to avail Input Tax Credit of IGST and Compensation Cess; GSTIN must be declared in the Bill of Entry and ITC claims are validated via GSTN. Where IGST/Compensation Cess is not paid in cash because duties are debited against an EPCG licence, ITC of IGST is not available and cannot be claimed. (AI Summary)