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.

AI Summary

Company Seeks ITC on IGST for Imports via Indian Post; Validity Confirmed Under CGST Rules, 2017. Time-Bar Issue Raised. A company inquired about claiming input tax credit (ITC) on Integrated Goods and Services Tax (IGST) paid via a customs bill of entry for goods imported through Indian Post. An expert confirmed that under the CGST Rules, 2017, a bill of entry is a valid document for availing ITC. Another expert added that the receipt from Indian Post is also valid for ITC as it proves IGST payment. A further query was raised regarding the applicability of time-bar provisions for claiming ITC on IGST paid for imports made in October 2018, questioning if credit could be claimed after the filing deadline in September 2019.