IMPORT OF SERVICES

Kamal designer in Raipur, avails fashion designing services of Rs. 25,00,000/- from Gargis Designs in  Sydney.

PARTICULARS  INVOICE  VALUE UNDER CURRENT TAX SYSTEM AMOUNT (Rs)    INVOICE VALUE UNDER GST AMOUNT (Rs) 
     
VALUE OF SERVICES UNDER CUSTOM                        2,500,000.00                                    2,500,000.00
Add Service tax @14 %                           350,000.00  
Add Swatch bharat cess(0.5 %)                              12,500.00  
Add krishi kalyan cess (0.5 %)                              12,500.00  
Add Integrated tax @18% ( CGST+SGST)                                             -                                          450,000.00
TOTAL COST OF IMPORT                        2,875,000.00                                    2,900,000.00
     
     
     

Note:- Supply of services imported into the territory of India shall be treated to be a supply of services in the course of interstate trade or commerce in GST and liable for Integrated tax.