News
Ahead of GST, customs dept reworks systems
- Date:
- June 24, 2017
- Source:
- Business Line
The Centre is working with exporters and importers to prepare them for the Goods and Services Tax (GST) that will be implemented from next month. Customs duty will not be subsumed under the new levy, which includes only central excise duty and service tax. However, imports will be considered an inter-state supply and will attract IGST (Integrated GST), while exports will be zero-rated. Full…