06 May 2023
Note that we are holding IEC number ,recently plan we will IMPORT a Machine from THAILAND which Value come in USD 250000 and for this purpose Party given Term of Payment 30% ADVANCE through TT & Balance paid through LC .
Now our Question is for TAX Calculation purpose Party Said CUSTOM charge applicable 0% but IGST Applicable 18%
For our project purpose how to Calculate this USD to INR (Including Taxes)
CAclubindia
