IGST on imports applies, treating imports as inter state supplies under the destination principle and allowing full set off. Imports of goods and services are treated as inter state supplies and subject to IGST. Taxation follows the destination principle, allocating SGST revenue ... Summary
IGST on imports applies, treating imports as inter state supplies under the destination principle and allowing full set off.
Imports of goods and services are treated as inter state supplies and subject to IGST. Taxation follows the destination principle, allocating SGST revenue to the State of consumption, with full set off of GST paid on imports available against output tax liability.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
