Rule 37 applicable for IGST paid on import of goods?

Rule 37 applicable for IGST paid on import of goods? https://www.taxtmi.com/forum/issue?id=118085 The applicability of the reversal restriction on input tax credit to IGST paid on import is disputed: one side relies on the IGST Act's provision applying input tax credit rules mutatis mutandis to argue Rule 37 and the proviso apply; the other side contends the proviso targets supplier-issued invoices and payment to suppliers, whereas importers pay IGST to customs and claim credit against a bill of entry, so the proviso should not apply absent judicial clarification. en-us Thu, 28 Jul 2022 12:26:42 +0530 Thu, 23 Jan 2025 15:54:18 +0530 TaxTMI RSS Generator Rule 37 applicable for IGST paid on import of goods? https://www.taxtmi.com/forum/issue?id=118085 The applicability of the reversal restriction on input tax credit to IGST paid on import is disputed: one side relies on the IGST Act's provision applying input tax credit rules mutatis mutandis to argue Rule 37 and the proviso apply; the other side contends the proviso targets supplier-issued invoices and payment to suppliers, whereas importers pay IGST to customs and claim credit against a bill of entry, so the proviso should not apply absent judicial clarification. Discussion-Forum GST Thu, 28 Jul 2022 12:26:42 +0530 https://www.taxtmi.com/forum/issue?id=118085