GST Not Leviable on Import Ocean Freight in India

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE Dated: 19.05.2022   GST Not Leviable on Import Ocean Freight in India   Supreme Court has dismissed the Special Leave Petition of the Government on the matter of applicability of GST on Import Ocean Freight. Now all the assessees who have received the Show …

Textiles, Footwear, Cab Aggregator Services to get costlier from 01st January 2022

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE Dated: 30.12.2021 Upcoming New GST Rates on Textile, Footwear and E-Commerce Services   Important Announcement/Notice Textiles, Fabrics and related finished products shall become costly since the Govt of India had notified the effective GST rates vide Notification No. 14/2021‐CT (Rate) dt. 18.11.2021 & Notification …

Common IGST Refund issues faced by Exporters in India

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE Dated: 27.10.2021 Common IGST Refund issues faced by Exporters in India As per rule 96 of the CGST Rules, 2017, the shipping bill filed by an exporter shall be deemed to be an application for refund of integrated tax paid on the goods exported …

IGST Refund against Exports of Goods from India

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE Dated: 22.10.2021 IGST Refund against Exports of Goods from India As per rule 96 of the CGST Rules, 2017, the shipping bill filed by an exporter shall be deemed to be an application for refund of integrated tax paid on the goods exported out …

Impact on Import movements in India post Union Budget 2021

Imports in India Dated: 03.02.2021 Impact on Imports post Union Budget 2021 in India The Union Budget 2020-21 for FY 2021-22 was placed on the floor of Parliament by the Hon. Finance Minister Mrs. Nirmala Sitharaman. Please have a look at the major highlights as listed below which will impact Import of goods in India. …

Project Import Guidelines in India

Project Imports Regulations in India by   S.J. EXIM Services Think EXIM Think Innovation BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE     Dated: 28.08.2020 What is Project Imports: Project Imports Scheme is a concept, unique to Indian Customs, wherein all the goods imported for the purpose of setting up of …

IGST on goods Supplied-During Customs Bonded Period

    Dated: 18/07/2018   Applicability of Integrated Goods and Services Tax (integrated tax) on goods supplied while being deposited in a Customs Bonded Warehouse   Refer to (CBIC) Circular No: 3/1/2018-IGST [25/05/2018]that : Integrated tax shall be levied and collected at the time of final clearance of the warehoused goods for home consumption i.e., at …

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