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Please help GST on imports

Ankush (Student) (1364 Points)

15 May 2020

who has to deposit the same?

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Hariom Viradiya (182 Points)
Replied 15 May 2020

Please specify whether it is import of goods or service...further if it is service then specify the nature of services imported i.e. notified service from ECO or oidar service or other services

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Ankush (Student) (1364 Points)
Replied 15 May 2020

Import of goods

CA Mayank A Jain (Chartered Accountant in Practice) (1260 Points)
Replied 15 May 2020

The tax on import i.e., BCD and IGST has to be paid by the importer i.e., the person clearing the goods from customs.

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 16 May 2020

The credit for IGST paid can avail as ITC.

Ankush (Student) (1364 Points)
Replied 16 May 2020

What will happen in case of a tender where supplier agrees to pay all taxes. if he makes payment of GST will there be any problem?

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Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 17 May 2020

THE ULTIMATE IMPORTER STILL LIABLE TO CLAIM ITC . AS THE BILL OF ENTRY IS ALWAYS ON RECIPIENT NAME.

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