GST on imports
dipti sharma (117 Points)
14 June 2017
what will be the impact of goods imported by a trader and sold in India
6 Replies
Sri Snigdha
(Articles Assisstant)
(499 Points)
Replied 14 June 2017
the goods would be treated as inter state sales and in additional to the customs duty
deepak kumar
(IPCC Student)
(32 Points)
Replied 14 June 2017
currently there is CVD charged with import duty which represents the excise duty and VAT. Now CVD 3(i) and CVD 3(ii) will be replaced with IGST.
Such IGST can be claimed as input tax credit.
Such IGST can be claimed as input tax credit.
PRABIR PAUL
(*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.)
(1443 Points)
Replied 14 June 2017
Then have to pay BCD(Basic Custom Duty) and IGST.
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