Question
Consider the following statements regarding the import of goods and services in India:
Select the correct answer using the code given below:
- They are treated as inter-state supplies
- Customs duty and IGST both are applicable
- Only IGST is applicable
- Imports are zero-rated
Select the correct answer using the code given below:
Answer: Option C
Answer: (c)
Exports, imports and movement of goods from one state to another state is treated as an interstate supply for the purpose of GST.
On imports, first customs duty is imposed and then Integrated GST (IGST) is also imposed.
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Answer: (c)
Exports, imports and movement of goods from one state to another state is treated as an interstate supply for the purpose of GST.
On imports, first customs duty is imposed and then Integrated GST (IGST) is also imposed.
Was this answer helpful ?
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