Article
27 Points
Posted on 18 June 2019
First of all RCM is applicable majorly on Services ... may be imported or supplied within the country. However there are very limited number of products where RCM is applicable.
Import of goods is generally liable for
1) Import Duty (Customs)
2) IGST u/s 3(7)
3) GST Compensation Cess u/s 3(9)
All the above taxes are levied under Customs Act and not under RCM of GST.