Handset makers can save costs due to GST-customs portal integration

The government has integrated GST portal with the customs portal. The mobile makers can now save custom compliance costs on imports of devices and components. A notification issued by the ministry of finance dated August 27 said, “The data uploaded for bills of entry filed up to August 6, 2020 by SEZ (special economic zone) units “has been done on a trial basis to give a feel of the functionality and to get feedback from the taxpayers on the same.”“This will save the industry huge data entry costs of manually filling up the IGST paid on imports,” ICEA said.

https://economictimes.indiatimes.com/tech/hardware/handset-makers-can-save-costs-due-to-gst-customs-portal-integration/articleshow/78040954.cms