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ACC approves senior level appointmentsPressure mounts on Centre to cut excise duty on Petrol & Diesel prices; Some States may follow suit but not TNPublic Notice No. 33/2018 - Teething troubles faced by importers (See 'TOG INSIGHT' in 'Taxongo.com')CX - Valuation -S.4 of CEA, 1944 - Price prevailing for sale at depot immediately 'prior' to clearance from factory gate was to be adopted: CESTATThe new AEO SchemeI-T - if assessee fails to produce certain documents, it does not legitimise AOs presumption that transactions were not genuine: HCForeign Players Participating in IPL - Hit by GST?ST - Site Transfer activity involves processing of goods not amounting to manufacture and, therefore, same are taxable under 'BAS' - services partly performed outside India is also export - rebate available: CESTATGovt working on solution to rise in fuel prices, says PradhanGST Council holds joint meeting with CST & SGST officials in Hyderabad; happy with close coordinationOMCs hike diesel price by 26 paisa & Petrol price by 33 paisa per litre from todayGovt aims at reducing dwell time to 24 hours at ICD, say Mumbai Chief CommissionersWTO Members debate over fisheries subsidiesPM dedicates Kishanganga Hydro Project to Nation in SrinagarYeddyurappa Govt resigns before floor test; CM delivers emotional speechDemocracy under lens - SC orders live telecast of floor test in Karnataka Assembly todayI-T - if assessee fails to produce certain documents, it does not legitimise AOs presumption that transactions were not genuine: HCE-way bill required for supplies within Union Territories w.e.f 25.05.2018I-T - Income surrendered during search can be set off against business loss for AY 2013 -14 as amendment in Sec 115BBE is operative only from AY 2017-18: ITATACC clears Jharkhand Cadre IAS Amit Khare as new I&B Secretary + Anup Wadhawan to take over as Commerce Secretary + Dr M M Kutty to be new Petroleum SecretaryData Security & Privacy - Parliamentary Panel invites inputsBRICS Summit - India calls for judicious use of resourcesUS Trade Deficit - Trump flays ChinaI-T - If any industrial undertaking avails benefits under Ss 80-IA & 80-IB, it is still entitiled to avail Sec. 80-IC benefits: SCGSTR-3B - Govt extends deadline till May 22AP Govt looking for deputationists for GST postsGoyal reviews coal supply to power plantsDate for mandatory digital payment through e-MPS is extended to 01.06.2018Testing of Samples at outside laboratories - more entities addedSuspension of inter-state E-Way Bill on or after February 2, 2018 - a myth?GST - Is it worth reviving the 'Exorcised Ghost' of Sugar Cess?

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CBEC Circular on IGST on sale of in-bond goods - More questions than answers


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Sub: comments on payment of IGST twice

The author need not worry about payment of IGST twice. Since the IGST payable on filing of ex-bond BOE is very well available as ITC for payment of IGST on the sale of imported goods still in bonded warehouse. As the due date for payment of GST is 20th of next month sufficient time is available to avail ITC.

Ramesh M 01/12/2017

 

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