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Service tax on ocean freight - Notification No 1/2017-ST & 3/2017-ST

Service Tax - Started By: - Yatin Bhopi - Dated:- 6-3-2017 Last Replied Date:- 8-3-2017 - Dear expert We are manufacturer and regularly import raw material. Most of the times goods are on CIF basis and freight is paid by supplier. In January vide notification no 1/2017 ST date 12.01.2017 exemption was withdrawn for inward ocean freight. And vide Notification no 3/2017-ST dated 12.01.2017, Notification no 30/2012 ST (reverse charge) was amended and person incharge of vessel or shipping company ag .....

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ned and without any payment of freight to him is in line with law? Please share your views. - Reply By Rajagopalan Ranganathan - The Reply = Sir, Since the shipping company has an office in India they have correctly charged the service tax since they are provider of service. Only when the shipping company do not have an office in India the importer in India has to pay service tax on reverse charge mechanism. Since it is an input service for you you can take the credit of service tax charged by t .....

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Taxability of services by way of transportation of goods by vessel for import into India where provider and receiver both are located in non-taxable territory. EXISTING EXEMPTION WITHDRAWN Entry 34 under Notification No. 25/2012-ST, dated 20.06.2012 grants exemption to specified services received from a provider of service located in a non-taxable territory, including services received by a person located in a non-taxable territory. By Notification No. 1/2017-ST, dated 12.01.2017, a proviso has .....

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1994 (STR) and INTRODUCTION OF REVERSE CHARGE Rule 2(1)(d) of the STR has been amended to stipulate that the person liable to pay service tax in respect of such services, shall be :- The person in India who complies with Sections 29, 30 or 38 read with section 148 of the Customs Act, 1962 with respect to such goods will be the person liable to pay service tax. Accordingly, in terms of the aforesaid provisions of the Customs Act, the following shall be the person liable to pay tax on the aforesai .....

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