Скачать или смотреть $3|Purchase Import || BUSY ACCOUNTING SOFT || Custom Duty IGST How to Enter || Bill of Entry|

Import of Goods Under GST
In your business, if you have suppliers outside of India, you will certainly be importing goods from your suppliers. Such purchases, which are considered import of goods, are similar to inter-state supplies and attract integrated tax (IGST). Additionally, you have to pay Customs Duty on such purchases. All the taxes and duties on import of goods are paid on a reverse charge basis, that is, the liability to pay tax is on the recipient of the supply of goods instead of the supplier.

Record Import of Goods under GST
In TallyPrime, you can record the import of goods using a Purchase voucher. You can also enter import details like Port Code and Bill of Entry No. while recording the voucher. Once you record the transaction, you can see its impact on IGST in GSTR-B under Import of Goods.

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