1.
whether import of goods without consideration for personal purpose shall be treated as supply under gst?
2
whether import of goods with consideration for personal purpose shall be treated as supply under gst?
Menu
Import of goods for personal purpose
Replies (4)
Quick Summary
Provided that the integrated tax on goods imported into India shall be levied and collected in accordance with the provisions of section 3 of the Customs Tariff Act, 1975 on the value as determined under the said Act at the point when duties of customs are levied on the said goods under section 12 of the Customs Act, 1962.
On personal consumption also?
1) not taxable
2)yes taxable
under gst
refer section 7
2)yes taxable
under gst
refer section 7
In both the cases it shall be treated as supply but not in get ACt because get act is silent in case of import of goods but as per section 3 of custom Act igst shall be levied @ 18%
Recent Topics :
- Updating form 10-ee and Schedule FA if there is ch
- Sale of property in SLUM area ....SRA
- GST applicability on Shipping charges
- Outstanding Demand in Income Tax: How To Respond?
- LTCG on property sale
- Capital gains incidence due to bonus shares
- Amendment of Object Clause of Memorandum
- How Can I Request a Refund for an Accidental Airte
- TDS on salary paid in cash
- YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU
Related Topics :
CAclubindia
