Method of calculation IGST On imported goods
This query is : Resolved
30 December 2024
how to calculate IGST on Imported Goods.
Whether Aeessable value includes (CIF) =
Basic Customs Duty =
total vaue
Is IGST to be calculated on Total value.
Whether Aeessable value includes (CIF) =
Basic Customs Duty =
total vaue
Is IGST to be calculated on Total value.
30 December 2024
It is levied on the value of imported goods + any customs duty chargeable on the goods. Hence, IGST must be calculated after adding the applicable customs duty to the value of imported goods.
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