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RCM ON IMPORTS

altafi pasha (25 Points)

03 July 2018

We have imported goods from China should we need to pay gst under RCM and what is the procedure

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4 Replies

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 03 July 2018

No...
No need to pay GST Tax under RCM basis...

Also You can claim ITC for the purchase at clearance in customs***...

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vikram kerekar (1244 Points)
Replied 04 July 2018

1. one my question is i have import purchase and importer not mentioned any Sea freight in importer bill it is all exp. considering in material cost thane igst RCM paid or not.

2. and second thing i have received shipping company bill in that bill Sea fireght shown as a prepaid than what can i do. can i paid IGST IGST on Sea fireght on import purchase or not.

3. and third is we have taken material from port and delevary to local transport. that transport charged we have paid than RCM is applicable or not in local transport.

TaxLab (Article Assistance ) (137 Points)
Replied 04 July 2018

Yes you have to pay IGST on Import of goods when goods clearance in customs.....i the absence of same goods can not be clear in custom house.

Later in next month you can claim IGST paid on import as Input Tax Credit.

vikram kerekar (1244 Points)
Replied 04 July 2018

one my question is i have import purchase and importer not mentioned any Sea freight in importer bill it is all exp. considering in material cost thane igst RCM paid or not