How imports will be taxed under GST ?
How imports will be taxed under GST ?
Import of goods or services from another country will be treated as interstate supply and IGST will be levied on such supplies as per Goods andSerrvice T ax Act,2017.
Example:
A ltd import goods Russia Rs. 10,00,000 and such product is attract GST rate 12% than A ltd liable to pay IGST Rs.1,20,000