Clarification regarding tax payment made for supply of warehoused goods while being deposited in a customs bonded warehouse for the period July, 2017 to March, 2018.
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Inter State supply treatment: suppliers deemed compliant if central and state tax paid equals integrated tax for warehoused goods. Supply of goods deposited in customs bonded warehouses during July 2017-March 2018 was inter State in character; owing to portal limitations taxpayers reported and paid central tax and state tax instead of integrated tax. As a one time exception, suppliers who paid central and state tax for such supplies during that period are deemed to have complied with tax-payment requirements provided the combined central and state tax equals the integrated tax due.
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Provisions expressly mentioned in the judgment/order text.
Inter State supply treatment: suppliers deemed compliant if central and state tax paid equals integrated tax for warehoused goods.
Supply of goods deposited in customs bonded warehouses during July 2017-March 2018 was inter State in character; owing to portal limitations taxpayers reported and paid central tax and state tax instead of integrated tax. As a one time exception, suppliers who paid central and state tax for such supplies during that period are deemed to have complied with tax-payment requirements provided the combined central and state tax equals the integrated tax due.
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