Question

A dealer imported goods and paid IGST in 2017-18. Paid IGST is accounted as Import Expenses.
In GSTR 3B filed for2017-18 no ITC Claimed for paid IGST for Import. Now Dealer came to know about this mistake in June 2019.

How the dealer can claim the Paid IGST for Import?

Answer

The Last date of claiming ITC relating to FY 17-18 was due date of GSTR-3B of March, 2019 as per the below mentioned proviso to Section 16:-

Provided that the registered person shall be entitled to take input tax credit after the due date of furnishing of the return under section 39 for the month of September, 2018 till the due date of furnishing of the return under the said section for the month of March, 2019 in respect of any invoice or invoice relating to such debit note for supply of goods or services or both made during the financial year 2017-18, the details of which have been uploaded by the supplier under sub-section (1) of section 37 till the due date for furnishing the details under sub-section (1) of said section for the month of March, 2019.

Further, ITC cannot be claimed through GSTR-9 if not claimed upto GSTR-3B of March 19.


TAX PLANNING

If you are having imports in FY 18-19 and you have claimed the ITC of IGST paid on such imports, then you can adjust the same as ITC availed for FY 17-18 and freshly claim ITC of IGST paid on imports for FY 18-19 as the same can be availed till due date of furnishing of the return under section 39 for the month of September following the end of financial year to which such invoice or invoice relating to such debit note pertains or furnishing of the relevant annual return, whichever is earlier. (Reply dt.13/06/2019)