Home Forum Goods and Services Tax - GST Month 1 2022 2022 (1) This
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GST on export ocean freight - freight forwarder - Goods and Services Tax - GSTExtract Afternoon Sir/Mam, Under GST regime, ocean freight on export is exempted. Shipping line (based outside India) doesn't charge GST on ocean freight. Now, the point I need to understand - A (Freight forwarder) buys a freight of $1000 from a shipping line and sells $1500 to an actual exporter. Since, ocean freight is exempted from GST. Shipping company doesn't charge GST on $1000 nor did the freight forwarder charged his customer GST on ocean freight of $1500. Is GST payable on the profit/margin earned of $500 on the name of ocean freight? Your any help in aforesaid issue would be much appreciated! Regards Sunish
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