CUSTOMS PRIVATE BONDED WAREHOUSE
Query (Issue) Started By: – RAMAKRISHNA M Dated:- 18-8-2017 Last Reply Date:- 19-8-2017 Goods and Services Tax – GST
Got 7 Replies
GST
Is IGST is applicable at the time of importing of Machinery spares parts @ Customs Private Bonded Warehouse ?
\nReply By RAMESH PRAJAPATI:
\nThe Reply:
\nImport is treated as interstate transaction under GST. So when you get material cleared from customs bonded warehouse, you will have to pay IGST with BCD and other duties, if any.
\nReply By RAMAKRISHNA M:
\nThe Reply:
\nDear Ramesh Prajapathi,
\nThis material importing and we will keep in Customs Private Bonded Warehouse.
\nFrom this Warehouse sales will happen and during sale time GST will be applicable as per norms
\nM<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n s per delivery locations of Inter & Intra state movements. ITC will be taken by Purchaser and he will be utilised accordingly. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" CUSTOMS PRIVATE BONDED WAREHOUSE Query (Issue) Started By: – RAMAKRISHNA M Dated:- 18-8-2017 Last Reply Date:- 19-8-2017 Goods and Services Tax – GSTGot 7 RepliesGSTIs IGST is applicable at the time of importing of Machinery spares parts @ Customs Private Bonded Warehouse ? Reply By RAMESH PRAJAPATI: The Reply: Import is treated as interstate transaction … Continue reading “CUSTOMS PRIVATE BONDED WAREHOUSE”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7223","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/7223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7223"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/7223\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nbut while importing and moving to our Customs bonded Warehouse, is it required to remit IGST for imported materials is my question.
\nregards,
\nRamakrishna – 9243199867
\nReply By RAMESH PRAJAPATI:
\nThe Reply:
\nDuty and Tax is required to be paid when material moves out from customs bonded warehouse. Warehousing Bill of Entry is filed without payment of duties. Customs fundamentals are not changed in GST regime.
\nReply By Rajagopalan Ranganathan:
\nThe Reply:
\nSir,
\nThe existing procedure under Customs Act is not affected by introduction of GST. Prior to 1.7.2017 When imported goods are warehoused without payment of du<\/p>\n
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