9911796707
TMI BlogGST on ocean freight for import purchase under RCMX X X X Extracts X X X X X X X X Extracts X X X X ..... GST on ocean freight for import purchase under RCM X X X X Extracts X X X X X X X X Extracts X X X X ..... laborate 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 freight for import of goods. As per hon'ble judgement of SC, regarding the case of state of Union vs Mohit Minerals - 2022 (5) TMI 968 - SUPREME COURT. is it applicable for importer under RCM now ? Regard ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s 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 located 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .
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 the 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 X X X X Extracts X X X X X X X X Extracts X X X X ..... on Forum - Knowledge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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