The commerce department has asked the finance ministry to levy border adjustment tax (BAT) on imported goods to offset the impact of levies such as electricity duty, clean energy cess, levies on fuel and royalty that are not part of GST.
Source: a2ztaxcorp.com
Latest Posts in "India"
- GST on Mining Lease Royalty: Classification, Applicable Rate, and Reverse Charge Mechanism Clarified
- CESTAT: Software Preloaded in Imported Hardware Includible in Customs Value, No Penalty on Wipro
- GST Compliance for Foreign Currency Invoicing: Key Requirements for Indian Exporters
- US Formally Lifts Russia-Linked 25% Tariff on Indian Imports, Confirms 18% Reciprocal Rate
- Fake GST Invoice Scams Persist Despite Crackdown: Shell Firms, Circular Trading Fuel Tax Evasion
