As a result, the provisions of the IGST Act relating to the levy of tax on supplies of goods and services in the course of interstate trade or commerce would apply to imports, and Custom Duty on Imports and Exports will not be subsumed in GST.
Charges like safeguard duty, education cess, basic customs duty, anti-dumping duty, and so on will have no influence on commodity imports. GST will cover all of these additional customs taxes.
Exports are liable to both the Central and State GSTs under GST. GST paid on any movement of goods intended for export can, however, be fully repaid. Central excise duty, service tax, and supplementary duties are all included in the CGST, whilst value added tax and entry tax are included in the SGST (Octroi).
Exports of products or services are treated as zero-rated supplies. GST will not be charged on any goods or services exported. The tax paid on inputs for the export of exempted goods was eligible for a duty drawback under prior regulations.
GST is often not charged on products and services exported. If you're GST-registered, this indicates that the price of your exports does not contain GST. You can still claim GST credits on purchases used to create your exported products and services.
Learner's Ratings
4.8
Overall Rating
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Reviews
J
Jay Vyas
5
This is just awesome course. I gained so much knowledge about Import-Export Business by learning this course.
LearnVern, you are doing an awesome job by teaching for free.
R
Rudra S
5
Excellent Tutor Kunal Sir has a lot of knowledge about the topic
A
AKASH KIRAN GURAV
5
Detailed course 👍🏻
D
dsfdsfsdf
5
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T
Toibur rahman
4
great content. make new updated course please
K
Ketan Santosh Sawant
5
Thank you so much LearnVern....😀And Specially kunal Sir
"This course offers knowledge that is not freely available on any platform. The entire course has been taught step by step, providing a comprehensive understanding."
C
chauhan vijay
5
What a course..... thank u so much for this opportunity...
R
Raj kalariya
5
The course content is excellent, attractive, and understandable. If there is a detailed PDF of the course content, then it will be very helpful for viewers to revise the content.
A
Abhishek Bharti
5
The course offers comprehensive content on the export-import process, including documentation, regulations, and logistics. The instructor is experienced, sharing practical insights alongside theory. Hands-on assignments add value, though more real-world projects could enhance learning. The certification is well-recognized, adding credibility to a resume. While resources and flexibility are strong, student support could be faster. Overall, it provides excellent value for those seeking to advance in international trade.
P
prabhat sharma
5
how many companies of import and export are hiring ? please provide the list and is it possible to start it without office as an individual ?
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