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Services received from foreign shipping line, Goods and Services Tax - GST |
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Services received from foreign shipping line |
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XYZ(India) is a freight forwarder and receiving services of a foreign shipping line towards transportation of goods by Sea in relation to importing of goods of his client in India. ACE paying to the foreign shipping line in foreign currency. Subsequently, XYZ is recovering these charges from his client in India. Is XYZ required to pay GST under reverse charge on the amount paid in foreign currency to the foreign shipping line? Posts / Replies Showing Replies 1 to 6 of 6 Records Page: 1
Who is ACE ?
Also why is there a doubt regarding the applicability of RCM in this case?
Sorry madam it should be XYZ
Respected Shilpi ji As per the notification of RCM, in case if ocean freight, it is on importer. Therefore in my view though the shipping line had invoiced to the freight forwarder, no RCM on freight forwarder being not an importer. Your kind views please
This service will not fall under entry 10 of the RCM notification 10/2017 since XYZ is also not a person outside India. RCM would get attracted under entry 1 of the IGST RCM Notification - any service supplied by any person who is located in non taxable territory to any person other than...... In this case it is an import of service and an inter-State supply so liable under RCM.
Yes. Undoubtedly, it is import of service. RCM is applicable. No room for doubt or confusion in RCM notification (IGST). Page: 1 Old Query - New Comments are closed. |
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