SC: No IGST on Ocean Freight under RCM for CIF Import

Bimal Jain , Last updated: 23 May 2022  
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The Honble Supreme Court in Union of India Anr. v. M/s Mohit Minerals Pvt. Ltd.[Civil Appeal No. 1390 of 2022 dated May 19, 2022] upheld the judgement given by the Honble Gujarat High Court to hold that no IGST is payable on ocean freight under Reverse Charge Mechanism (RCM) for Cost, insurance, an

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