Now ,the govt charges gst on the assesible value at the time of import which is usually 20-30% more than the declared value by the importer. so can we avail refund for the excess gst paid at the end of the year?
i.e. in invoice , an item is for value Rs.100 but govt charges gst on a loaded value of rs.200. and collects rs 36 gst instead of rs18 .
so , can we get refund for that 18 rs at the end of the year?
Malhotra Rajesh & Associates
New Delhi
B.Com
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Goodwin Pumps India Pvt Ltd
Chengalpattu
CA Inter
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Arpan Bohra & Co
Hyderabad
CA Inter
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Shyam S Gupta and Company
New Delhi
CA Inter
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HKC | Chartered Accountants & Business Advisors
Ludhiana
CA
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CCI
Pro
CAclubindia
