LED Lights Importing to India from Outside Countries (South Korea, Vietnam)
This query is : Resolved
Hitendra Agrawal
(Querist)
06 January 2024
What will be the taxes which I need to bear in Importing? Please let me know the type of taxes and rates of the taxes applicable?
CA R SEETHARAMAN
(Expert)
07 January 2024
You have to pay customs duty and IGST while importing goods. The rate will vary based on goods.
IGST paid can be claimed as ITC in case of resale.
IGST paid can be claimed as ITC in case of resale.
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