IGST on imports: import of goods and services treated as inter state supplies attracting IGST and input tax credit. Imported goods and services are treated as deemed inter State supplies and subject to IGST; IGST on goods is levied at customs on customs determined value in addition to Basic Customs Duty, with compensation cess potentially applicable. Assessable value for IGST includes customs and certain additional duties; cess is computed on assessable value plus Basic Customs Duty but excludes IGST. Import of services by non resident suppliers to recipients in India constitutes supply where place of supply is India, with specific place of supply rules and reverse charge or supplier registration obligations for OIDAR and related transactions. Input tax credit for IGST and cess at import is available, excluding Basic Customs Duty.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
IGST on imports: import of goods and services treated as inter state supplies attracting IGST and input tax credit.
Imported goods and services are treated as deemed inter State supplies and subject to IGST; IGST on goods is levied at customs on customs determined value in addition to Basic Customs Duty, with compensation cess potentially applicable. Assessable value for IGST includes customs and certain additional duties; cess is computed on assessable value plus Basic Customs Duty but excludes IGST. Import of services by non resident suppliers to recipients in India constitutes supply where place of supply is India, with specific place of supply rules and reverse charge or supplier registration obligations for OIDAR and related transactions. Input tax credit for IGST and cess at import is available, excluding Basic Customs Duty.
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