https://www.taxtmi.com/forum/issue?id=112812 IGST paid on import of taxable goods should be recorded as an IGST receivable (current asset) when paid; this IGST is available as input tax credit and can be utilised on sale of the imported goods by debiting IGST on payment and later offsetting it on the output GST liability or using it against other GST components, subject to return filing and accounting standards. en-us Wed, 13 Sep 2017 17:55:53 +0530 Thu, 23 Jan 2025 15:55:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112812 IGST paid on import of taxable goods should be recorded as an IGST receivable (current asset) when paid; this IGST is available as input tax credit and can be utilised on sale of the imported goods by debiting IGST on payment and later offsetting it on the output GST liability or using it against other GST components, subject to return filing and accounting standards. Discussion-Forum Customs Wed, 13 Sep 2017 17:55:53 +0530 https://www.taxtmi.com/forum/issue?id=112812