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GST ON IMPORTS

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HOW IS GST IS CHARGED ON IMPORTS

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The goods and services tax (GST) divides all sales into two types of transactions — interstate and intrastate. Imports are treated as interstate sales, which means that they’re subject to integrated tax, or IGST. That means when you import products, you pay one IGST rate to the central government.

Get yourself an accounting software to ease all your taxation needs. I would suggest you to go for QuickBooks.

Hope this information helps you.

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