TaxTMI 
TaxTMI 
My client is manufacturer of chemicals and purchased machine from other country registered under GST Act. My client has Bill of entry declaring value of machine and IGST thereon. My query is that can we avail IGST credit in above case as in GSTR-2A value of IGST not shown
ITC Credit claime on Import of Machine
29 Jan 2025 
14 Replies 
5340 Views Asked by
IGST credit entitlement can be claimed on import based on assessed bill of entry despite non reflection in GST returns.
IGST paid on import may be claimed as input tax credit on the basis of an assessed Bill of Entry even if the IGST does not appear in GST return purchase statements, provided the claimant satisfies statutory eligibility conditions and time limits. For periods predating full electronic validation, non reflection in return statements is not determinative. Circulars and public notices permit ITC on physical assessed BoE where electronic capture is absent, but differing BoE, ICEGATE reference, duty payment and ledger entry dates can affect the tax period for recognition and compliance consequences. (AI Summary)
IGST paid on import may be claimed as input tax credit on the basis of an assessed Bill of Entry even if the IGST does not appear in GST return purchase statements, provided the claimant satisfies statutory eligibility conditions and time limits. For periods predating full electronic validation, non reflection in return statements is not determinative. Circulars and public notices permit ITC on physical assessed BoE where electronic capture is absent, but differing BoE, ICEGATE reference, duty payment and ledger entry dates can affect the tax period for recognition and compliance consequences. (AI Summary)