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Import of Goods and Services –

Import of Goods and Services –

Definition of Import of Goods – Section 2(10) of the IGST Act, defines import of goods as bringing goods into India from a place outside India.

Import of Services already dealt with under Reverse Charge Mechanism.

For import of goods, instead of erstwhile CVD, IGST is charged and input tax credit is allowed of such IGST paid.

GST-Goods and Service Tax | Tina Saha |