https://www.taxtmi.com/article/detailed?id=7568 Imports are taxable under GST by deeming supplies on import as interstate for levy of IGST and, where applicable, GST Compensation Cess; IGST on goods is levied at customs while IGST on services follows the IGST Act, with valuation for IGST and Compensation Cess including assessable value and specified customs duties (including anti-dumping and safeguard duties) but excluding IGST from the base for Compensation Cess. Importers must declare GST identifiers on the bill of entry to enable ITC of IGST and Compensation Cess, customs EDI will link with GSTN for ITC validation, and transitional provisions permit credit of eligible duties such as SAD for stock held on the appointed date. en-us Wed, 23 Aug 2017 07:17:35 +0530 Wed, 23 Aug 2017 07:17:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7568 Imports are taxable under GST by deeming supplies on import as interstate for levy of IGST and, where applicable, GST Compensation Cess; IGST on goods is levied at customs while IGST on services follows the IGST Act, with valuation for IGST and Compensation Cess including assessable value and specified customs duties (including anti-dumping and safeguard duties) but excluding IGST from the base for Compensation Cess. Importers must declare GST identifiers on the bill of entry to enable ITC of IGST and Compensation Cess, customs EDI will link with GSTN for ITC validation, and transitional provisions permit credit of eligible duties such as SAD for stock held on the appointed date. Articles Goods and Services Tax - GST Wed, 23 Aug 2017 07:17:35 +0530 https://www.taxtmi.com/article/detailed?id=7568