GST : Vide notification no. 8/2017-Integrated Tax (Rate) dated 28-6-2017 and, notification no. 10/2017- Integrated Tax (Rate) dated 28-6-2017 an importer is required to pay IGST on ocean freight. Therefore as on date, even if importer has already paid IGST on CIF value imported goods, he is still required to pay IGST on ocean freight. Credit of IGST paid can be taken on basis of invoice/challan issued
from www.taxmann.com Latest Case Laws https://ift.tt/2xWpgBk
Subscribe to:
Post Comments (Atom)
AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT
INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...
-
In order to provide more avenues for transacting in mutual fund units, the SEBI has issued discussion paper on ‘Usage of pool accounts in Mu...
-
IT : Where during search conducted upon premises of assessee's cousin, key belonging to assessee's locker was found and search warra...
-
2018 Witnesses Highest FPI Registrations in Four Years from taxmann.com News http://bit.ly/2V8m1i1
No comments:
Post a Comment