IGST CREDIT ON BILL OF ENTRY

[POOJA BHOIR]

Company A imports goods through Indian Post. IGST amount is shown in the receipt issued by Indian Post. Can I take credit of IGST paid Customs bill of entry. I request experts to give advice.

[Rajagopalan Ranganathan]

Madam,

As per rule 36 (1) (d) of CGST Rules, 2017 "a bill of entry or any similar document prescribed under the Customs Act, 1962 or rules made thereunder for the assessment of integrated tax on imports is an eligible document on the basis of which the input tax credit shall be availed by a registered person.

[KASTURI SETHI]

Receipt issued by Indian Post is also valid for taking ITC. You have paid IGST. You have proof of payment of IGST.

[sunilkumar bhageria]

One query on above query - Wether the time barring provisions are not applicable in case of input credit of IGST on bill of entry. Means can we take input credit of IGST paid on imports done in Oct.18 in Nov..19 i.e. after last date of filing return of Sept.19

AI Summary

IGST Input Tax Credit affirmed: bill of entry or postal receipt qualifies as eligible document for claiming ITC on imports.
A registered person may claim IGST input tax credit on imports where tax is evidenced by prescribed customs documentation; Rule 36(1)(d) treats a bill of entry or similar document as an eligible document for availing input tax credit, and a receipt issued by a postal authority evidencing IGST payment on importation is valid proof to support ITC entitlement.