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section 15(2)(d) included in value of transaction-taxes paid

Goods and Services Tax - Started By: - ashwin kumar - Dated:- 10-8-2016 Last Replied Date:- 11-8-2016 - Dear sir, As per section 15(2)(d) of CSGT/SGST Act 2016 , any taxes duties etc are to be included in the transaction value for applying GST rate tax. Does this mean, in case of Import customs duty shall part of transaction value while applying IGST rate. If so, whether still cascading exists. thank you - Reply By Ganeshan Kalyani - The Reply = Sir, Section 15 (2)(d) of GST Act states that,  .....

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rightly said customs duty is not subsumed in GST. Let us take example , I am importing goods from mexico and customs duty is paid on that. When i pay IGST on my transaction value i shall include customs duty also. Whether this is tax on tax again whether or not under same statute. hope my question is clear. thank you - Reply By Ganeshan Kalyani - The Reply = Sir, even today CVD and SAD is charged on Customs Duty. CVD and SAD since would be subsumed in GST it would be called by name IGST. In any .....

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