Breaking News

Presentation on Applicability of GST on Ocean Freight Services

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.

Download Count28
Category,
Size440 KB
Total Files1
Upload DateSeptember 22, 2017
Last UpdatedSeptember 22, 2017

Leave a Reply

Your email address will not be published. Required fields are marked *