Clarification regarding tax payment made for supply of warehoused goods while being deposited in a customs bonded warehousc for the period July, 2017 to March. 2018
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Inter-State supply for warehoused goods: central and state tax payments treated as compliance if equal to integrated tax. Supplies of goods deposited in customs bonded warehouses are characterized as inter-State supplies, but due to the common portal's inability to record such transactions in FORM GSTR-1 during July 2017-March 2018, taxpayers reported and paid central tax and state tax. As a one-time exception, suppliers who paid central and state tax will be deemed to have complied with tax-payment requirements provided the amount paid equals the integrated tax due.
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Inter-State supply for warehoused goods: central and state tax payments treated as compliance if equal to integrated tax.
Supplies of goods deposited in customs bonded warehouses are characterized as inter-State supplies, but due to the common portal's inability to record such transactions in FORM GSTR-1 during July 2017-March 2018, taxpayers reported and paid central tax and state tax. As a one-time exception, suppliers who paid central and state tax will be deemed to have complied with tax-payment requirements provided the amount paid equals the integrated tax due.
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