Gst on freight on import (cif)

Import / Export 1035 views 1 replies

Is GST payable by importer on Freight amount, if goods are imported on CIF basis?

 IGST Not No.8/2017 - S.No.9(ii) -  GST @ 5% payable is specified.

- IGST Not No.10/2017 - S.No.10 - Reverse charge :Importer is made liable to pay GST i.e. the recipient of service.

However in case of CIF, the recipient should be the Supplier located outside India as he is liable to pay the freight. And logically it does not make any sense as the importer is already paying IGST on import of goods -goods that include freight charges in their cost.

Need clarification.

 


Attached File : 306179 20170823150733 notification10 igst.pdf downloaded: 257 times
Replies (1)
I am pleased to announce you that my featured online store has opened with the new Designer Collections.
You can Check now on www.sweetysharma.com

https://www.facebook.com/SweetySharmaOfficial/


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register