GST on ocean freight for import purchase under RCM

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..... Dear Expert, is gst applicable on ocean freight for import purchase under RCM ? What is the tax rate how to calculate the same ? Regards Pradeep - Reply By Alkesh Jani - The Reply = Shri Please elaborate the query, do you mean GST applicable on ocean freight for import of Goods specified under RCM? Thanks - Reply By Pradeep Sarangi - The Reply = Yes Sir, Applicablity of GST on ocean .....

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..... freight for import of goods. As per hon'ble judgement of SC, regarding the case of state of Union vs Mohit Minerals - 2 022 (5) TMI 968 - SUPREME COURT . is it applicable for importer under RCM now ? Regards Pradeep - Reply By Kiran Tahelani - The Reply = If goods are imported under CIF basis- No Rcm- Mohit Mineral case if goods are importered under FOB basis: ---if shipper is l .....

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..... ocated in india- he will charge gst under forward charge- you dont have to pay under rcm ---if shipper is foreign entity not registered in india- you need discharge gst under RCM-since mohit mineral covers only cif contract. Rate is 5% on actual frieght amount. Note: other experts please correct me if i am wrong. - Reply By Alkesh Jani - The Reply = Shri I agree with the views expressed by t .....

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..... he expert above. Thanks - Reply By Shilpi Jain - The Reply = Liability under RCM exists if you engage the foreign shipper. No liability under RCM in your hands if the foreign exporter has engaged the foreign shipper - GST on ocean freight for import purchase under RCM - Query Started By: - Pradeep Sarangi Dated:- 14-2-2023 Goods and Services Tax - GST - Got 5 Replies - GST - Discussion Foru .....

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..... m - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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