Impact of the GST Regime on Imports in India: The import of goods or services in India are treated as deemed inter-State supplies and will be subject to Integrated tax.

The article discusses the impact of the Goods and Services Tax (GST) regime on imports in India. Under the GST regime, importing goods or services into India is considered inter-State trade and subject to Integrated tax. The article explains the tax treatment of goods imports, including the collection of integrated tax and customs duties. It also discusses the tax treatment of goods stored in warehouses before customs clearance and the levy of IGST on High Seas Sales transactions. Additionally, the article covers the import of goods by Export Oriented Units (EOUs) and Special Economic Zones (SEZs), the input tax credit for imported goods, and the tax incidence on the import of services. The article provides information on determining the place of supply for imported services and the classification of import of services as a supply. [Extracted from the article]