Applicability of GST on Ocean Freight Services. Do you know importer liable to pay IGST on Ocean Freight paid to foreign shipping company on import @0.50% of CIF Value of goods under Reverse Charge?. "Transport of goods in a vessel including services provided or agreed to be provided by a person located in non-taxable territory to a person located in non-taxable territory by way of transportation of goods by a vessel from a place outside India up to the customs station of clearance in India." Therefore, ocean freight in relation to transportation of goods by a vessel from a place outside India up to the customs station of clearance in India is liable to IGST. Now download Presentation on Applicability of GST on Ocean Freight Services.
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- Download Count 44
- Category CA, CA Final
- File Size 440 KB
- Total Files 1
- Upload Date February 19, 2019
- Last Updated March 19, 2019