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Prabhakar Pandit

Applicability of SGT on custom bonded goods

Request my colleagues to clarify if SGT is or can be levied on transfer of ownership of custom bonded goods.

For example

"A" imports and Warehouse goods in custom bonded warehose

"A" transfers ownership of goods to "B"

"B" clears goods by paying duty, IGST as applicable.

"A" invoices "B" for value of goods transferred from bonded warehouse.

If "A" charges CGST it means "B" pays 36% duty for same quantity for which he may not get ICT as it may be restricted to 18% as per tariff.

Your views & suggestions are welcome.

Rgds more  

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Shyam Shrivastava
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DEVINDER SHARMA
It is not liable to CGST. Please refer to sub-Section (2) of Section 7 of the IGST Act and sub-Section (4) of Section 2 of IGST Act to be read with Clause (11) and (43) of Customs Act. There is an amendment in Clause (11) of the Customs Act with effect from 01/07/2017, which excludes the applicability of SGST law when goods are in the bonded warehouse. more  
Pammi Vishnumurty
As Import A or B 36% CGST stands and ICT refund of 18% not applicable. more  
Sanjeev Singhal
In my view, till such time the goods are cleared by paying the customs duty, no GST is payable. In this case if 'A' sells to 'B' while the goods are in bonded warehouse, 'A' will not have to pay any GST. 'B' will pay IGST on reverse charge. more  
Brij Gupta
This is just a hypothetical question A & B etc and suppose so and so . What is the actual problem, that should be brought out please more  
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