Import Value to be shown in VAT Return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 April 2010
Dear All,
I have a query related to Import Value to be shown in VAT Return.
1) Whether i should take a Value i.e. Import Invoice Bill Amount @ Indian Rupees i.e. TT Amount
OR
2) Are we have to Take a Value of TT Amount + custom duty + clearance chgs + other charges to bring the goods.
Please clarify it to me.
Regards,
Ajay
Mumbai
I have a query related to Import Value to be shown in VAT Return.
1) Whether i should take a Value i.e. Import Invoice Bill Amount @ Indian Rupees i.e. TT Amount
OR
2) Are we have to Take a Value of TT Amount + custom duty + clearance chgs + other charges to bring the goods.
Please clarify it to me.
Regards,
Ajay
Mumbai
14 April 2010
Value shall include taxes and duties and other charges paid. So the second answer is correct.
Regards
Regards
17 April 2010
Agreed. It will be purchase cost to you.
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