Import of goods

This query is : Resolved

BHAGABAN JENA (Querist)
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11 September 2017 How can post import Goods under GST ? How can get input credit on import and custom duty can you please explain by example. We imported goods from Taiwan for US $ 6500, exchange rate on BOE is 65.15. We have paid custom duty Rs. 81932/-, No CVD, No cess only IGST 18% have charged by custom house. Custom duty calculation component is Value $ 6500, Freight $ 225, Insurance 1.125000%, Misc. Charges $ 118. Can you please explain how it posted as import purchase in GST ?

Thanks for reply. But how much I can show in RCM and adjustment of input in next month. Can I show RCM as IGST Rs.76225.5 or Rs. 81932/- or Rs. 90973.26 ( 18% on [{6500*65.15}+81932])? Please confirm.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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11 September 2017 You have to register under GST and file the return for payment of IGST on import. Gstr-2 under RCM. On filing the return you are eligible for full credit of IGST paid on import.

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