Out of the IGST paid to the Central Government in respect of import of goods or services, if the registered taxable person does not avail the said credit within the specified period and so remains in the IGST account, what is the treatment?

• A. Refund it back to the taxable person.
• B. Can be claimed after the expiry of the specified period. Apportionment of Tax and Settlement of Funds 341 Indirect Taxes Committee
• C. Apportion to the Central Government based on rate equivalent to CGST on similar intra-State supply and Apportion to the state where such supply takes place.
• D. None of the above.