Sales Return of Export goods (thro' import and duty paid against igst refund), Goods and Services Tax - GST

[Radhakrishnan Srinivasan]

Sir,

One invoice of export sales goods (sep 2019) returned (imported thro' paying of customs duty). How we will accounted and put entry in GSTR 1 and GSTR 3B. (This month igst thro' sales invoice is less than IGST refund thro' customs duty for the previous export sales returned).

Thank you sir,

with kind regards,

S.Radhakrishnan

Posts / Replies

[Kashish Gupta]

Mr. Radhakrishnan Srinivasan Ji,

You are advised to avail input tax credit in respect of goods imported and report the same at the time of filing GSTR-3B. In September 2019, you must have claimed the refund of IGST paid on exports or accumulated input tax credit, as the case may be. By way of importing these goods and payment of import duties, subsequently availment of IGST in electronic credit ledger would neutralise such refund impacts.

Therefore, simply pay import duties, avail input tax credit of IGST in GSTR-3B.