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GST on Ocean Freight, Goods and Services Tax - GST

Issue Id: - 116473
Dated: 12-6-2020
By:- Kaustubh Karandikar
GST on Ocean Freight

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In case of GST under reverse charge on ocean freight, for FOB contracts, importer to pay IGST @ 5% as per Sr. No.9(ii) of Notification. No. 8/2017-Integrated Tax (Rate) on freight charges paid to the foreign shipping line. In case of CIF Contracts, importer to pay IGST @ 5% as per Sr. No.9(ii) of Notification. No. 8/2017-Integrated Tax (Rate) on 10% of the CIF value as per Bill of Entry (Without considering the Gujarat High Court decision). Is my understanding correct?

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Showing Replies 1 to 3 of 3 Records

1 Dated: 12-6-2020
By:- Rajagopalan Ranganathan


Your understanding is correct.

2 Dated: 12-6-2020
By:- Ganeshan Kalyani

Sir, it is advisable to pay IGST and claim credit, subject to condition.

3 Dated: 14-10-2020

1) If RCM on ocean freight is not paid for FY 18-19 and 19-20, than for 18-19 the date of claiming input credit is gone (20.9.2019) and for 19-20 it can be shown in current 3b of September 2020 and it can be claimed in 20-21 (Or 19-20 ??? I doubt) as paid before 20.10.2020.

( 2) And any RCM paid via DRC 03 on this matter will not be eligible for Input.

Is my understanding correct and is there any other way or just rely on Gujrat high court judgement and not paying RCM at all.


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