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Meaning and scope of supply under GST (Part 2) - Import of services will be treated as supply and will be subject to GST under reverse charge.

Dated:- 23-8-2016 - Section - 003 - Meaning and scope of supply MODEL GST LAW - GOODS AND SERVICES TAX ACT, 2016 - Draft June 2016 As per Section 3(1)(b) importation of services for any purpose, have included within the meaning and scope of the term Supply It is for the obvious reason that, importation of goods are subject to Customs Duty since the same would be crossing the Custom Borders Physically, but services may not be subject to crossing of customs barriers, GST will be levied on reverse .....

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f the Government to levy Customs duty and GST under reverse charge simultaneously on the same transaction, we have to wait for more clarification and details. At present under the Customs Laws, temporary import of goods for Repair, for delay in Exhibitions, for Scientific research etc for different periods and for different conditions, are exempt from duty of customs. However, scope of such exemptions are limited and restricted. Now, will there be a new exemption under Customs that where import .....

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