Input claim on ocean freight?
This query is : Resolved
06 January 2022
Respected All,
Good evening.
We r importing materials whose gst rate in India is 12% and this is on FoB terms.
Since this is on FoB basis, the ocean freight will also become a part of assessable value during custom clearance.
We r paying this ocean freght to the service provider/forwarder in INR with gst @5% in India.
My question is that, CAN WE CLAIM IMPUTS OF THIS OCEAN FREIGHT..?
Yours valuable reply will be highly n humbly appreciated. Also requested to share any documentary reference in this regard, if any.
Thanks n with best rgds,
A Samal
Good evening.
We r importing materials whose gst rate in India is 12% and this is on FoB terms.
Since this is on FoB basis, the ocean freight will also become a part of assessable value during custom clearance.
We r paying this ocean freght to the service provider/forwarder in INR with gst @5% in India.
My question is that, CAN WE CLAIM IMPUTS OF THIS OCEAN FREIGHT..?
Yours valuable reply will be highly n humbly appreciated. Also requested to share any documentary reference in this regard, if any.
Thanks n with best rgds,
A Samal
CA R SEETHARAMAN
(Expert)
07 January 2022
Yes, you can claim inputs of ocean freight.
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