https://www.taxtmi.com/caselaws?id=303878 The ruling authority confirmed the application of a 5% Integrated Goods and Services Tax (IGST) rate on imported footwear below Rs. 1000 per pair. The decision was based on interpreting 'sale value' as transaction value rather than retail sale price, aligning with GST principles of value-based taxation. Despite the absence of comments from customs authorities, the ruling emphasized the need to consider discounts in determining the tax rate. Amendments to the notification governing IGST rates on footwear were discussed, reflecting a shift towards value-based taxation. Future changes in GST rates may impact the ruling, with proposed adjustments expected in 2022. en-us Thu, 30 Sep 2021 00:00:00 +0530 Thu, 27 Mar 2025 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303878 The ruling authority confirmed the application of a 5% Integrated Goods and Services Tax (IGST) rate on imported footwear below Rs. 1000 per pair. The decision was based on interpreting 'sale value' as transaction value rather than retail sale price, aligning with GST principles of value-based taxation. Despite the absence of comments from customs authorities, the ruling emphasized the need to consider discounts in determining the tax rate. Amendments to the notification governing IGST rates on footwear were discussed, reflecting a shift towards value-based taxation. Future changes in GST rates may impact the ruling, with proposed adjustments expected in 2022. Case-Laws GST Thu, 30 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303878