Tax Management India. Com
                        Law and Practice: A Digital eBook ...

Category of Documents

TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Manuals SMS News Articles
Highlights
D. Forum
What's New

Share:      

        Home        
 
Discussions Forum
Home Forum Goods and Services Tax - GST This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

← Previous Next →

GST on Ocean Freight, Goods and Services Tax - GST

Issue Id: - 115044
Dated: 4-6-2019
By:- Kaustubh Karandikar
GST on Ocean Freight

  • Contents

1) On import of goods, if the value is FOB, the Shipping Line is issuing Invoice for freight to the CHA and ocean freight is paid by the CHA to the Shipping Line and then got reimbursed from importer by issuing invoice and charging GST in it. Can the importer take ITC of the same or he need to pay GST under reverse charge @ 5% of Ocean Freight and then claim ITC?

2) On import of goods, if the value is FOB, the Shipping Line is issuing Invoice for freight to the Importer and ocean freight is paid by the Importer to the Shipping Line. Is importer required to pay 18% GST under reverse charge since 5% is applicable only for Transport of goods in a vessel by a person located in non-taxable territory to a person located in non-taxable territory & importer is not located in non – taxable territory?

Post Reply

Posts / Replies

Showing Replies 0 to 0 of 0 Records

No Post / Reply found for this query

Post Reply

← Previous Next →

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Blog || Site Map - Recent || Site Map || ||