Section 21 of IGST Act, 2017, Import of services made on or after the appointed day
The below post explains about Import of services made on or after the appointed day under section 21 of IGST Act,2017.
Section 21 of IGST Act, 2017 explains Import of services made on or after the appointed day as below: (The amendments if any will also be updated here soon).
The extract of Section 21 of IGST Act,2017 quoted below:
21 Import of services made on or after the appointed day
21. Import of services made on or after the appointed day shall be liable to tax under
the provisions of this Act regardless of whether the transactions for such import of services
had been initiated before the appointed day:
Provided that if the tax on such import of services had been paid in full under the
existing law, no tax shall be payable on such import under this Act:
Provided further that if the tax on such import of services had been paid in part under
the existing law, the balance amount of tax shall be payable on such import under this Act.
Explanation.––For the purposes of this section, a transaction shall be deemed to
have been initiated before the appointed day if either the invoice relating to such supply or
payment, either in full or in part, has been received or made before the appointed day.
The above information clarifies about Import of services made on or after the appointed day under section 21 of IGST Act,2017.
If you have any comments about Section 21 of IGST Act, 2017 explaining Import of services made on or after the appointed day, share below your thoughts:
Click here to know GST rate of your goods or service
GST Exemption list of goods and services
Find HSN number or Service tariff code for GST
Indian GST Laws
How to export your goods?
How to get Export Order?
GST Registration Guidelines
Learn Imports and Exports business free of cost
Find HSN code of your product.
How to export goods from India?
Refund of GST tax on deposit under investigation
GST rate for Fruits sales and nut sales in India
GST rate for Coffee and Tea in India
GST for Rice, Oats, Millets, Maize etc.
GST for Milling industry products in India
GST for oil seeds and medicinal plants in India
GST rate for sale of Gums, resins, lacs etc.
GST rate for Vegetable Plaiting Materials
GST rate for tramway rolling stock and parts, Vehicles other than railway
Rate of GST applicable for Aircraft and parts, spacecraft and parts
GST payable for sale of Boats, floating structures and ships
GST for Medical, Surgical, optical, photographic and cinematographic products
GST payable for Watches, clocks, watch parts and clock parts
Rate of GST payable for sale of Musical instruments, parts and accessories
Refund of amount deposited for GST appeal
Finalization of provisional assessment under Goods and Service Tax refunds
Refund of GST tax on excess payment due to mistake or inadvertentce
When does GST tax to be refunded?
GST payments, list of Banks authorised in Centre and States
GST payment errors between GSTN and RBI
GST payments, claim of non delivery of service
Double payment error in GST tax payments
Payment of GST tax through fraudulent use
Issue of charge back in CC/DC Payment in GST payments
Challan Format of GST Tax payment
How to overcome Negative thoughts in export business
How to prepare an Export Invoice. Contents of Export commercial Invoice:
How to prepare an Export Packing list. Contents of Export Packing list
How to import your product?
Click here to know HS code of your product
What is the ITC code (Indian Tariff Code) of your product?
Dispute settlement in international business
Export Promotion Councils and Commodity Boards, product wise
Foreign Trade Agreements of India
MEIS scheme for Indian Exporters