Integrated Tax Notifications (Rate)
IGST Notification rate 06/2018
| Title | Seeks to exempt royalty and license fee from Integrated tax to the extent it is paid on the consideration attributable to royalty and license fee included in transaction value under Rule 10(1)(c). |
| Number | 06/2018 |
| Date | 25-01-2018 |
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In exercise of the powers conferred by sub-section (1) of section 6 of the
Integrated Goods and Services Tax Act, 2017 (13 of 2017), hereinafter referred
to as the said Act, the Central Government, on being satisfied that it is
necessary in the public interest so to do, on the recommendations of the
Council, hereby exempts the integrated tax leviable under section 5 read with
section 7 of the said Act on the supply of services, imported into the
territory of India, covered by sub-item (c) of item 5 of Schedule II to the
Central Goods and Services Tax Act, 2017 (12 of 2017) as made applicable by
section 20 of the said Act, to the extent of the aggregate of the duties of
Customs leviable under sub-section (7) of section 3 of the Customs Tariff Act,
1975 (51 of 1975), on the consideration declared under sub-section (1) of
section 14 of the Customs Act, 1962 (52 of 1962) towards royalties and license
fees included in the transaction value as specified under clause (c) of
sub-rule(1) of rule 10 of the Customs Valuation (Determination of Value of
Imported Goods) Rules, 2007 on which the appropriate duties of Customs have
been paid.