Kindly help me regarding the correct method of calculating IGST i.e. 3(7) duty on imports.
Whether IGST is calculated on BCD + Edu cess?? OR IGST is caluclated on BCD & then Edu cess is added on (IGST + BCD).
As in the IDT Mock Test Paper II, Q 1 (c) the former method is followed and in ICAI Module the latter is followed?
Please tell me which method is correct to be done in exams?
CAclubindia
