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State GST Compensation cess rate for Imported Coa…

State GST Compensation cess rate for Imported Coal?

State GST Compensation cess rate for Imported Coal?

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Chiranjibi Aug. 11, 2018

 In case GST cess is applicable on goods imported into India, then cess must be levied and collected along with the IGST and customs duty.


For example, if the assessable value of coal imported into India is Rs. 100/-, GST rate is 18% and customs duty is 10%.


Then IGST tax payable would be calculated as:


Assessable Value= Rs. 100/-

Basic Customs Duty (BCD) = Rs. 10/-

Value for the purpose of levying IGST = Rs. 110/-

GST – Integrated Tax = 18% of Rs.110/- = Rs. 19.80

Total Taxes = Rs. 29.80


If the goods attract GST Compensation Cess, then GST Compensation Cess would be levied on Rs. 110/-, as Compensation Cess is not levied IGST.