GST on ocean freight

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..... XYZ (India) (Freight Forwarder) had paid the amount to a foreign shipping line towards ocean freight in foreign currency. This amount along with mark up was recovered from the importer in India i.e., .....

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..... the client of XYZ who had entrusted the work to XYZ towards transportation of goods by Sea against imports. XYZ charged the importer GST @ 5% under the head Transport of goods in a vessel ( SAC Code .....

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..... 9965 ). Is it correct? - Reply By Shilpi Jain - The Reply = That could be possible since the rate in tax under HSN 9965 is service specific and not service provider specific, that is for being el .....

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..... igible for the 5% rate of GST - the provision of service of transportation of goods in a vessel is sufficient. It is not that only the shipping liners will be eligible for this rate of tax - GST on .....

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..... ocean freight - Query Started By: - Kaustubh Karandikar Dated:- 1-10-2021 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal o .....

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..... pinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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