Ocean freight
This query is : Resolved
18 February 2019
Hello,
We are Custom House Agent (CHA). We are charging ocean freight in case of both import and export. Right now we are charging gst @ 5% on such freight.
My query is
1. Whether ocean freight in still exempted earlier it was exempted till Sep 2018
2. What is the correct rate to charge in invoice. When i am checking CBIC portal, the rate mentioned is 12%
3. Is ITC available on such freight
Which section of gst act tells about Ocean freight.
Hemlata
We are Custom House Agent (CHA). We are charging ocean freight in case of both import and export. Right now we are charging gst @ 5% on such freight.
My query is
1. Whether ocean freight in still exempted earlier it was exempted till Sep 2018
2. What is the correct rate to charge in invoice. When i am checking CBIC portal, the rate mentioned is 12%
3. Is ITC available on such freight
Which section of gst act tells about Ocean freight.
Hemlata
18 February 2019
1 5% GST payable under RCM by the importer.
2 5% payable under RCM by importer don't charge GST in your invoice
3 ITC available on freight.
2 5% payable under RCM by importer don't charge GST in your invoice
3 ITC available on freight.
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