TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>IGST Applicable on Final Clearance of Goods from Customs Bonded Warehouse, Effective from April 1, 2018, per Circular</h1> The circular addresses the applicability of Integrated Goods and Services Tax (IGST) on goods supplied while stored in a customs bonded warehouse. It clarifies that IGST will be levied and collected at the point of final clearance for home consumption, not during the warehouse storage. This is done when filing the ex-bond bill of entry, with the tax calculated on the higher of the transaction value or valuation at the time of the into-bond bill of entry. The circular applies to goods supplied from April 1, 2018, onward, and instructs relevant authorities to issue trade notices for public awareness.
TaxTMI 
TaxTMI 
