Imports of goods / service
This query is : Resolved
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sankar ponnan
(Querist)
14 April 2021
Sir / Mam,
In case of Imports of goods / services,
Will GST applicable on it ?
Status of ITC ?
Plz give your opinion plz
thanks in adv
In case of Imports of goods / services,
Will GST applicable on it ?
Status of ITC ?
Plz give your opinion plz
thanks in adv
CMA Poornima Madhava
(Expert)
14 April 2021
Yes, in general, GST will be levied unless such goods/services are specifically exempt. GST is payable by the importer on RCM basis and ITC can be availed thereafter.
CA Puja Sharma
(Expert)
14 April 2021
In case of import of goods, GST have to be paid under RCM at the time of filing of BOE. The IGST paid at the time of import will reflect in GSTR 2B and you will be able to claim the credit in GSTR 3B.
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