Trade words

IGST

Integrated GST

GST charged on imports, worked out on the assessable value plus basic customs duty and surcharge. A GST-registered importer can usually claim it back as input tax credit.

Set by Finance Ministry, published by CBIC

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Lessons that use this word

  1. Lesson 35 min readGST, LUT and refunds for exportersExports are zero-rated under GST. How exporting under an LUT differs from paying IGST and claiming it back, and how each refund reaches you.
  2. Lesson 85 min readHS classification: 2, 4, 6 and 8 digitsHow an HS code is built, the six rules customs uses to choose one, why the notes matter, and how to get a binding answer before you import.
  3. Lesson 95 min readCustoms duty: BCD, SWS, IGST and AIDCThe duties on an import into India, the order they are worked out in, how exemptions and trade deals lower them, and which part you can claim back.
  4. Lesson 115 min readFiling a bill of entry on ICEGATE, step by stepThe three kinds of bill of entry, when to file, the documents to upload, and what happens between filing and out of charge.
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Trade Academy is education, not legal, tax or customs advice. Rules and rates change by notification: check the live source, or ask a licensed customs broker, before you act.