Rule 37 applicable for IGST paid on import of goods?

[Nandan Khambete]

Will Rule 37 apply to ITC claimed of IGST paid on Iort of goods appearing in Bill of entry ? This is w.r.t 180 days rule - 2nd provisio in Section 16(2)(d).

AI Summary

Debate on Rule 37's Application to IGST Input Tax Credit on Imports Under Section 16(2)(d) of GST Act A discussion forum addressed whether Rule 37 applies to Input Tax Credit (ITC) claimed for Integrated Goods and Services Tax (IGST) paid on imported goods as per the second proviso in Section 16(2)(d) of the GST Act. One participant argued that Rule 37 applies, while another contended that the restrictions do not apply to ITC availed against a bill of entry for IGST, as the importer pays the IGST directly, not the supplier. The debate highlighted differing interpretations, with some suggesting that the matter might require judicial clarification to resolve the ambiguity in the law.