Import of fixed asset
Riya Shah (4 Points)
15 March 2019The director of the company goes to abroad and brings mobile instruments which is included in the fixed assets of the company.
Is there any liability on the part of company to pay IGST??
Madhukar N Hiregange
(Chartered Accountant)
(39039 Points)
Replied 15 March 2019
Whether the import of mobile instruments is liable for Customs duty is a question to be answered? If liable then CD payable. IGST would also have tobe paid for that. The CHA if any of the Company may be able to take care of the compliance.
Riya Shah
(4 Points)
Replied 15 March 2019