With 18% GST, the tax on mobiles/smartphones is now a higher historical tax that will have the above highlighted negative implications." The surge in the GST rate is said to be a corrective measure to fix the inverted duty structure (IDS), a situation where the tax rate on input raw ...
The value of 10K is converted value after applying the USD to the INR exchange rate. Postal charges or air freight or insurance is not taken into account to find the value of the product.NOTE: If the value of the gifts received is more than INR 10,000, the receiver has to pay ...