GST on Imports and Exports, FAQ

 

IGST exempted categories of imports under GST in India, click here

 

Impact of GST on imports in India

Applicable import duty after GST implantation

How to calculate IGST under imports?

Changes in IEC after GST

Linking IEC with GSTIN in customs

Import under EPCG after GST

GST on imports by EOUs and SEZs

Changes of operation of SEZ

Does CVD exists under project imports?

Baggage clearance after GST implementation

Refund of SAD paid on imports

How to claim ITC under imports?

Procedures to claim Drawback after GST implantation

How to claim IGST refund on exports?

Export procedure changes after GST implementation

Factory stuffing procedures after GST implementation

Import of goods attracts IGST but not CVD under GST regime

Import goods attracts IGST and CVD under GST regime

Import Goods attract IGST, CVD and Compensation Cess under GST regime

Safeguard duty and Anti-dumping duty after GST implementation

 

Goods and Service Tax for Exports and Imports

 

GST on Imports and Exports, FAQIs CGST and SGST charged on import of goods and services in India?

As per GST Act, both SGST and CGST is charged under import in India.


How is IGST rate on imports treated?

Import of goods to India is treated as interstate supply, hence treated as IGST. So IGST is levied on import of goods to India.


What are the import duties replaced with GST?

After introduction of GST, CVD and SAD are replaced with Integrated Goods and Service Tax, IGST.

What are the main two components in determining import duty in India after implementation of GST?

IGST and Basic Customs Duty are the main two components in determining the total import duty payable to customs at the time of Import of Goods to India after introduction GST.


How is IGST calculated under Imports in India?

In imports, IGST is computed on transaction value of imported goods plus duties and taxes etc. charged under any statute other than the GST Law.


What is the difference between IGST on Imports and IGST on domestic goods?

Integrated Goods and Service Tax IGST is payable for each and every import transaction before taking delivery of imported goods. Whereas IGST is paid monthly along with returns of IGST against domestic movement of goods and services.


Can IGST, CGST or SGST paid against imports be refunded on eligibility?

Yes, CGST, IGST and SGST paid on imports can be claimed back if eligible.


Is BCD is added on the transaction value of the imported goods?

Experts opine that when paying IGST on imports, BCD should be added to the transaction value of the imported goods.


Are antidumping duty and safeguard duty are continued after implementation of GST?

Yes, antidumping duties and safeguard duties are continued to be incorporated in total import duty payable also.


How does related party valuation under GST regime work?

There could be a mechanism like SVB in imports to monitor relative party valuation on goods and service tax under GST mechanism.

 


Does GST regime effect government export promotion schemes and incentives in India?

Yes, implementation of GST may affect present various export promotion schemes, incentives and exemptions in India.


How is CGST and SGST accounted under Import of Goods and Services.

The fundamental concept of GST is collection of tax at destination. Here in imports also CGST and SGST collected also is distributed centre and state respectively.


Who is eligible for SGST levied on imports – State or Central?

Since SGST meant for the destination state where goods are consumed, SGST collected under imports also is meant for state government where the imported goods or services are finally consumed.

How will Exports be treated under GST?

Exports will be treated as zero rated supplies.  No tax will be payable on exports of goods or services, however credit of input tax credit will be available and same will be available as refund to the exporters.

 

IGST exempted categories of imports under GST in India, click here

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Central Tax (Rate) Notification No 39 of 2017 dt 18th October, 2017 under GST

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Comments


P Syam sunder: We are a agent for foreign OEM . A fixed % commission is paid based on sales. End user buys directly from over seas manufacturer. At present we are paying 15% Service tax (from our commission as OEM is not ready to pay ). After GST, under which slab we may fall.

RAJNEESH JAIN: Please express the calculation on IMPORTED MARBLE. WHAT WILL BE IMPORT DUTY and HOW WILL WE GET IMPORT DUTY ALREADY PAID, ADJUSTED IN GST ERA. KINDLY CONTACT RAJNEESH JAIN 8800667044

kanishk garg : first of all I would like to congratulate you for the tremendous amount quality knowledge that you have shared with us on your website. I had recently visited your site and learned lots of nitty gritty stuff that I was missing on. I have certain queries regarding the current GST regime that has been brought upon my line of business. If you could spare few precious minutes of your time to discuss it with me and clarify my doubts. The government has failed to do so on their website.

Ramesh Savalia: As the GST is going to implemented from 1st July 2017. We are exporting our goods under LUT, What will be the status after GST, Shall we continue with existing LUT or we need to renew existing LUT ?

silpa: How to calculate the anti-dumping duty and safe guard duty please explain calculation briefly

silpa: How to calculate the anti-dumping duty and safe guard duty please explain calculation briefly

Yogesh Dhanok: what would be the procedure and gst implication on reimport of export goods which has been rejected due to quality problem

Sagar: Please clear my doubt.. Export Invoice as “SUPPLY MEANT FOR EXPORT ON PAYMENT OF IGST” = means Purchase with payment of CGST / SGST / IGST Export Invoice as “SUPPLY MEANT FOR EXPORT UNDER BOND WITHOUT PAYMENT OF IGST - means Purchase without payment of CGST / SGST / IGST ...

A Manoharan: Is IGST payable on ADD also?

kanishk garg : I had recently visited your site and learned lots of nitty gritty stuff that I was missing on. I have certain queries regarding the current GST regime that has been brought upon my line of business. If you could spare few precious minutes of your time to discuss it with me and clarify my doubts.

Balachandran M : clarifications requested on customs duty calculations under GST regime

minnal varadaraj : I am an importer and trader of gloves I have not registered with Excise department. Please tell me whether we can claim CVD and SAD as input tax credit

siddharth kothari : I am registered in GST in Madhya Pradesh and i import electrical steel on navasheva, Maharastra. My Question is can i directly sale that material from navasheva to Bhopal and to Chennai and i have to charge IGST or SGST and CGST.?

Bhaven Mehta: I am registered in GST. my question is the Bill of Entry is of 26/08/2017, and because of GANPATI Holidays in MUMBAI, we paid the duty on 7/09/2017, for which month should i claim my GST. For the month of August or September.

Sachin Aggarwal: Post GST PAN can be used as Importer Exporter Code but that does not mean that we don't need to apply for IEC we have to apply at DGFT site. Watch this video to know more:- https://www.youtube.com/watch?v=B-AAfaW9U5M

Sreepada H.R.: Whether BCD+IGST is applicable or BCD+CVD+Cess+SAD is applicable in re-import of goods exported prior to 01.07.2017. If CVD & SAD are charged, how to avail ITC of these two duties levied?

Savinder Singh : I am running a web designing firm and we mostly export our services out of India. I am confused in filing my return that do I need to pay GST on my income made from the export of services which are zero rated? And then file a refund claim?

STAR GLOBE EXIM : We have a inquiry regarding IGST.We are trading in sports goods. If we purchase commodity from local market with GST and then export through courier mode then how we can get our GST refund.

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