Whether gst need to collect on sell of import goods
This query is : Resolved
Ashim kr Ray
(Querist)
09 May 2018
Sir,
I Import Stone chip from Bhutan and there after paid 5% IGST on custom.
Now i am confuse whether at the time of selling this product i have to collect gst from customer .
And again has to be paid to govt as already i have paid to govt at the time of Import.
Please suggest.
I Import Stone chip from Bhutan and there after paid 5% IGST on custom.
Now i am confuse whether at the time of selling this product i have to collect gst from customer .
And again has to be paid to govt as already i have paid to govt at the time of Import.
Please suggest.
CA R SEETHARAMAN
(Expert)
09 May 2018
Raise tax invoice with 5% GST on sale value, collect GST from customer and pass on ITC on imports. Claim ITC on IGST paid on imports while paying to Govt GST on sale invoice.
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Ashim kr Ray
(Querist)
09 May 2018
Sir,
After long days got reply from yourside.
After long days got reply from yourside.
Ashim kr Ray
(Querist)
09 May 2018
Sir,
The amount of gst at the time of purchase which is paid to custom office will it be reflect in 2A of GST
The amount of gst at the time of purchase which is paid to custom office will it be reflect in 2A of GST
CA R SEETHARAMAN
(Expert)
09 May 2018
No file gstr 3b and gstr 1 include the payment under RCM import.
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Ashim kr Ray
(Querist)
10 May 2018
Sir
Whether RCM is applicable from Import of goods.
Whether RCM is applicable from Import of goods.
CA R SEETHARAMAN
(Expert)
10 May 2018
Yes RCM applicable on import of goods. IGST payable along with customs duty while customs clearance.
Ashim kr Ray
(Querist)
19 September 2018
Sir,
As RCM has been suspended still RCM has to be shown in Import goods.
As RCM has been suspended still RCM has to be shown in Import goods.
CA R SEETHARAMAN
(Expert)
19 September 2018
RCM not suspended for import it's payable at the time of customs clearance along with customs duty.
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