The taxable event for levy of IGST is the inter-state supply of ...

Interest on Delayed IGST Payments for Imports Upheld; Affects Inter-State and Import Transactions.

August 23, 2024

Case Laws Customs AT

The taxable event for levy of IGST is the inter-state supply of goods and services, including supply in the course of importation. The charging section for collection of IGST on imported goods is section 4 of the IGST Act read with section 3(8) of the Customs Tariff Act. IGST collected on imports is not a duty of customs but credited to the Major Budget head 0008 and apportioned between the Centre and States as per GST Council recommendations. Interest is payable on delayed payment of IGST, whether on inter-state supplies within India or on imports, as section 3 of the Customs Tariff Act makes IGST payable under the IGST Act. The impugned order upholding interest payability on delayed IGST payment for imports was upheld by the Appellate Tribunal.

View Source

← Previous Next →

The taxable event for levy of IGST is the inter-state supply of ...

Interest on Delayed IGST Payments for Imports Upheld; Affects Inter-State and Import Transactions.

August 23, 2024

Case Laws Customs AT

You may also like:

Refund claim for interest paid along with IGST was rejected due to non-fulfillment of pre-import conditions for goods imported under Advance Authorizations. Initially,...

Valuation of imported goods - inclusion of royalty and the cost of advertisement incurred by the Appellant in India in assessable value - related party - The Tribunal...

High sea sales of imported goods are akin to inter-state transactions. - GST council has decided that IGST on high sea sale (s) transactions of imported goods, whether...

Requirement to obtain registration in the state in which goods are imported - said goods are directly sold from the port of importation to the customers located across...

This circular clarifies the regularization of refund of IGST availed in contravention of rule 96(10) of the WBGST Rules, 2017, where exporters had initially imported...

This circular clarifies the regularization of refund of IGST availed in contravention of rule 96(10) of CGST Rules, 2017, where exporters had imported inputs without...

Input Tax Credit (ITC) of IGST - import of goods through the port situated in different state - The applicant can issue tax invoice with IGST to the customer as per...

Absolute Exemption from IGST on inter-State supplies of goods - Notification as amended

Absolute Exemption from IGST on inter-State supplies of goods - Notification as amended

Refund of IGST on Export of Goods - Conditions were complied with post-export - Amendment of Bills of Entry for imported goods under the Advanced Authorisation Scheme...

Levy of duty on inter-State sale of electricity - competence of the State legislature - The IGST Act which aims to levy tax on supply of goods which is in course of...

TP Adjustment - The manufacturing agreement in an unambiguous manner has restricted the assessee to manufacture for Sandoz and its affiliates. Since the import and...

This trade notice clarifies the procedure for import/re-import of "Exhibits and Samples" for demo, display, exhibition, and participation in fairs or events in India or...

Valuation of imported goods - The only ground on the basis of which the transaction value has been rejected is that the imports were made at a higher price by other...

Requirement for registration - inter-state sales or not - Section 20 of the IGST Act, 2017 read with section 16 of the CGST Act, 2017 provides that IGST paid on import...

Quick Updates: