TMI BlogIGST Exemption on Export freight after 01.10.2022X X X X Extracts X X X X X X X X Extracts X X X X ..... Sirs, Exemption from IGST on export freight for transportation of goods by vessel or aircraft from customs station of clearance in India to a place outside India is available until 30.09.2022 vide Notn. No. 07/2021 - IGST (Rate) . Parent Notification is 09/2017 IGST Rate and not 02/2018 amended from time to time. My question is there any notification issued by the GST council extending ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the exemption for a further period beyond 30.09.2022? Thanks - Reply By KASTURI SETHI - The Reply = The situation is fluid. We can expect notification at any time. Earlier also there was a delay. - Reply By raghunandhaanan rvi - The Reply = Okay Sir. Well Noted Thank you - Reply By KASTURI SETHI - The Reply = No further extension for exemption has been granted. So w.e.f. 1.10.22, GS ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... T @5% is applicable on export ocean freight and related freight components. - Reply By Shilpi Jain - The Reply = Transport by aircraft 18%. - Reply By Shilpi Jain - The Reply = Where an exempt supply has become taxable, there is eligibility of credit on inputs and capital goods as per section 18(1)(d) (d) where an exempt supply of goods or services or both by a registered person becomes ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a taxable supply, such person shall be entitled to take credit of input tax in respect of inputs held in stock and inputs contained in semi-finished or finished goods held in stock relatable to such exempt supply and on capital goods exclusively used for such exempt supply on the day immediately preceding the date from which such supply becomes taxable: - Reply By raghunandhaanan rvi - The Repl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y = Shri. Kasturi Sir, and Smt. Shilpi Jain Mam Thank you so much for your valuable information. - Reply By Eric Wynne - The Reply = In continuation of the GST on export freight implemented from 1st Oct 2022: I wish to have clarity if GST on export freight is to billed to overseas agent/customer. - Reply By raghunandhaanan rvi - The Reply = Dear Sir In our case Bill is on Indian Shipper ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Thanka - Reply By Shilpi Jain - The Reply = You can bill the GST to the overseas customer and this is not a matter governed by the Indian GST laws. It is based on the terms of the contract between you and the customer, whether you will be able to recover from the customer or not. - Reply By Abhishek Chauhan - The Reply = Hello Ma'am we works as an agent to provide services through vess ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... el or aircraft to the customers can i claim gst input of ocean freight charges @ 5% that is charged by shipper on us - Reply By Raveendran PM - The Reply = The real issue is that Custom House Agents (CHA) are not allowing to charge on IGST on such freight in the Shipping Bill, which leads the short refund of IGST to that extent. Is tthere any recourse ? - IGST Exemption on Export frei ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ght after 01.10.2022 - Query Started By: - raghunandhaanan rvi Dated:- 1-10-2022 Goods and Services Tax - GST - Got 11 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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