IGST credit accrued in FY18 won't lapse even if not availed in that fiscal: Finance Ministry

New Delhi: The  Finance Ministry Tuesday assured trade and industry that input tax credit accrued on import of goods by paying  GST in 2017-18 will not lapse even if the taxpayer has not claimed credit in the same financial year. Addressing concerns raised by trade and industry regarding filing of annual returns for the first year (2017-18) of  Goods and Services Tax (GST) roll out,…