IGST Exemption under GST [As per discussions in the 16th GST Council Meeting held on 11th June, 2017]
GST
Dated:- 12-6-2017
IGST Exemption under GST
\n[As per discussions in the 16th GST Council Meeting held on 11th June, 2017]
\nI. Bilateral Commitments – Imports under Agreement between India and Pakistan \/Bangladesh for regulation of Bus Service
\nS. No.
\nNotification
\nGist of the notification
\n1.
\nNo.4\/99-Customs, dated 08.01.1999
\n1. Passenger bus; and
\n2. Spares, fuel and consumables for the passenger bus imported under the Agreement between India and Pakistan for regulation of Bus Service between New Delhi and Lahore or under the Agreement between India and Bangladesh for regulation of Bus Service between Calcutta and Dhaka<\/p>\n
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\nOn their re-import [within 3 months from the date of export] such cut and polished diamonds are exempt from customs duties [BCD, CVD and SAD].
\nThese imports will be exempt from IGST.
\n3.
\nNo exemption at present
\nInter-state movement of any mode of conveyance between distinct persons as defined under section 25(4) of the Central Goods and Services Tax Act, 2017, including
\ni. Trains
\nii. Buses
\niii. Trucks
\niv. Tankers
\nv. Trailers
\nvi. Vessels
\nvii. Containers
\na) Carrying goods or passengers or both; or
\nb) For repairs and maintenance,
\n[except in cases where such movement is is for further supply o fthe same conveyance]
\nshall be treated neither as a supply of goods or supply of service and therefore, n<\/p>\n
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