1.
whether import of goods without consideration for personal purpose shall be treated as supply under gst?
2
whether import of goods with consideration for personal purpose shall be treated as supply under gst?
4 Replies
Devil
(Confidential)
(177 Points)
Replied 02 September 2020
Provided that the integrated tax on goods imported into India shall be levied and collected in accordance with the provisions of section 3 of the Customs Tariff Act, 1975 on the value as determined under the said Act at the point when duties of customs are levied on the said goods under section 12 of the Customs Act, 1962.
Online Query
(CA Final Student)
(120 Points)
Replied 02 September 2020
On personal consumption also?
Taha
(T)
(405 Points)
Replied 02 September 2020
1) not taxable
2)yes taxable
under gst
refer section 7
2)yes taxable
under gst
refer section 7
Devil
(Confidential)
(177 Points)
Replied 02 September 2020
In both the cases it shall be treated as supply but not in get ACt because get act is silent in case of import of goods but as per section 3 of custom Act igst shall be levied @ 18%
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