Bond Transfer

[Asked by Guest]

Suppose Mr.A imports the goods and while the goods are still lying in bonded warehouse Mr.A sells the goods to Mr.B so that the goods are cleared by Mr.B from warehouse...

Question arises that will Mr.B have to pay GST twice that is first to Mr.A and the other when he clears from customs warehouse...???

AI Summary

IGST on bonded goods: payable on clearance by the buyer, not charged twice under in-bond sale rules
Where goods are deposited in a customs bonded warehouse and sold in an in-bond sale, the seller should not charge IGST because no bill of entry for home consumption has been filed; the buyer files the bill of entry to clear the goods from bond and pays the customs duty which includes IGST at the time of clearance.