Import of Goods and Services under GST | How to Calculate IGST in Import | GST Free Class 25 🔥🔥🔥

Import of Goods and Services under GST | How to Calculate IGST in Import | GST Free Class 25 🔥🔥🔥
IGST is levied as per section 5 of IGST act 2017 in case of Import of Goods and Service under GST. In this video we have covered the calculation of taxable value for determining IGST in #Import. The process of availment of ITC on IGST paid in import of goods and services. Reverse Charge RCM applicable in case of import of services under GST.
You can register under Advance GST Certificate Course at just Rs 999 from here : www.cwgs.in/learning
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[@satyamiryala8579]

Dear Sirji,I liked this video's thanks for this

[@kumarsatish5990]

Clarity in simple language thank you

[@GargiLakhani]

It helped a lot. Thanks

[@deepakkumar-dw9yz]

Thanks sir

[@rajabconstructionco.9973]

Very good information helpful and great advice excellent explanation valuable video thanks you God bless you sir jai hind 🇮🇳

[@altmisharshi]

Never watched so easy understanding material. Well done sir!

[@CharteredWisdom]

Glad to hear it
Thanks for writing

[@amolkumar6750]

Sir excellent video

[@sambarishreenivas5202]

Good information sir. Nice.

[@ArunKumar-dy1vj]

Nice vedio sir great 👍

[@mimudas2870]

Thank you .

[@govindgupta9544]

👍👍👍

[@pradeeppradeep3650]

Good info

[@saurabdhiman4386]

Thank

[@kansingh5968]

Nice

[@vedanshgujjar4919]

Very useful video sir

[@Yotireserech]

Nice 👌

[@shivamanand8590]

Very good

[@kishorkumarkaushal4782]

Very very useful for me & listener brother. Thanks Sir

[@CharteredWisdom]

Glad to hear it

[@ratnadipbanerjee7419]

Incase of import of goods which currency reference rate to be used for making payment of import?

[@sunnyathwani3828]

Sir in high sea sales, Mr B ko import duty Barni padti hai kya ?

[@meghna5753]

Have you completed full gst for BCOM..
Please tell 🙏

[@princeagarwal4164]

I loved your video ❤️❤️
Just wanted to ask one doubt that after importing any goods the transportation and other expenses incurred by us in relationship to such goods. Can we claim ITC on such expenses in relation to imported goods post importation ?

[@CharteredWisdom]

Yes you can claim ITC

[@Chiraggoswamy]

In case pf High Sea Sales last buyer have to pay IGST which you didn’t mentioned in this video!!

[@chateacolney4783]

If the seller is an unregistered person and doesn't appoint anyone, we simply give IGST to custom, and the Customs do not upload any return. It is a waste. Some CA advised me to register for ICEgate but i can't because the port that I take from is not listed in ICEgate. I stopped importing. Last year alone I lost around 6-7 lakhs only in the IGST deposited to the custom. I have more than 15 BOE's lying uselessly among my paper files just for security and reference.

[@ankitashalu7747]

Custom duty pay krne ke baad gst bhi pay krna pdta hai

[@Akshay7064]

Dear sir,
China se sea import shipment kiya he or bill of entry file karte samay galat gst number de diya he or IGST paid kr diya he Ab IGST claim kese kr sakte he please advice kijiye

[@user-mz6hg1qk8r]

How to register for gst course

[@pahadidaju1196]

Sir elaborate this one
Can composition scheme be availed if the taxable person effects inter-State supplies? .

[@CharteredWisdom]

No
Composition scheme cannot be availed if the supplier supply goods/services to different state or special economic zone

[@dusmantarath11]

Sir,
Pls make a video in E Way bill

[@CharteredWisdom]

Thanks
We will surely make it
We had already made video earlier as well

[@amitpandey1781]

Sir what about rcm applicability on CIF value during import

[@CharteredWisdom]

RCM is not applicable in case of import of goods
RCM is applicable in case of import of service s

[@ajaymehta1892]

How to get claim import IGST refund ?

[@nelsondsouza6253]

CGST, IGST and SGST paid on imports can be claimed back in E commerce business?

[@CharteredWisdom]

Only IGST is paid on Imports and yes it can be claimed back.

[@Vj45459]

I purchased a laptop from Dell, which operates from SEZ. They are not liable to file GSTR1, hence the ITC is not reflecting under my 2A/B. I have bill of entry with my GSTIN on it. Please advise how can I avail ITC on it. Thanks.

[@rajanand1016]

Please check part D of the Gstr-2 if you had valid shipping bill and gst has been charged by the customs

[@kapiltulsani3938]

Sir shipping line charges pe Lage hue gst ka input tax credit le sakte hai?

[@CharteredWisdom]

Yes

[@praveenvashishth4439]

Sir, hamne china se igst pay karke material purchased Kiya & us igst ka 3 b m input liya. Ab Jo hamne material purchased Kiya tha jis project k liye vo close ho Gaya jo approx 80 % stock Bach Gaya usko hamne return kerna hai usi outside China k vendor ko to kaya jiska igst ka hamne input liya tha usko ager hum debit note k against material return karenge to igst reverse kerni padegi

[@praveenvashishth4439]

Please suggest

[@praveenvashishth4439]

Ya usko re export kerenge aur Jo igst pay ki thi usko ab return kerni padegi

[@ramavtarmeena3280]

Very good sir, how can take your course of igst and IT, I am ram