https://www.taxtmi.com/caselaws?id=778555 AAR, Gujarat held that input tax credit of IGST paid on imported goods remains admissible where payment to the foreign supplier is deferred beyond 180 days but made within FEMA/RBI limits, and need not be reversed under the second proviso to Section 16(2) read with Rule 37 CGST Rules. The AAR reasoned that IGST already paid at customs protects revenue, creating a result akin to RCM payment; the GST Council's intent and persuasive SC authority support this interpretation, so non-payment to the supplier alone does not trigger reversal. en-us Sat, 06 Sep 2025 00:00:00 +0530 Thu, 18 Sep 2025 08:30:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778555 AAR, Gujarat held that input tax credit of IGST paid on imported goods remains admissible where payment to the foreign supplier is deferred beyond 180 days but made within FEMA/RBI limits, and need not be reversed under the second proviso to Section 16(2) read with Rule 37 CGST Rules. The AAR reasoned that IGST already paid at customs protects revenue, creating a result akin to RCM payment; the GST Council's intent and persuasive SC authority support this interpretation, so non-payment to the supplier alone does not trigger reversal. Case-Laws GST Sat, 06 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778555