Hi all,
The 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??
Menu
Import of fixed asset
Replies (2)
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.
No the director has brought the same in baggage..so there is no liability to pay custom or any other tax related to that..
what if then??
what if then??
Recent Threads
- Luxury premium car - Lease or Loan
- Income tax act 40 A (3)
- Transmission of deceased's shares in physical form
- Shall I pay GST payment for unkonwnly cancelled in
- Error in GSTR1 filing for October 25
- Inverted Rate structure .
- Exemption to be climed
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
Related Threads
CAclubindia
