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

 

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