Effect of GST on Imports?
According to the new GST tax laws, the Import of Goods and Services will be treated as interstate supplies only. The incidence of the tax rule will be applicable to the destination state of where the Goods are finally brought to.
Which means that SGST will be levied in the state where the goods and services are finally consumed. In the same way, Exports will be treated as zero-rated supplies. The exports are not subject to GST but input credit on it is surely available to the exporters.