CCI Online Coaching    |    x

Sales tax implication on import of goods


18 July 2013


I'm working as an accounts manager in one of the construction co. We are importing tiles from China for the project. Could you please let me know the requirements to import the materials and tax implications on the same.

01. Does Co. need to have IE Code?
02. Does Entry tax applicable once the goods reach India?
03. Does Co. need to pay any other tax i,e, VAT etc.,?

*Co. is registered under COT (Composition Tax) scheme.


You need to be the querist or approved CAclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

× Online Coaching My Enrolled Courses
Articles Forum News Experts Exams Share Files Income Tax Accounts Career Corporate Law Service Tax Video Judgements Rewards Top Members Events Albums Find Friends Featured Feed Scorecard Bookmarks Mock Test Poll Notification Knowledge Finder Coaching Institutes Trainee Corner Jobs
close x