Ocean freight GST
This query is : Resolved
30 September 2017
Ocean freight is under RCM.
Is ocean freight paid for import of exempted goods chargeable under RCM or is it exempted.
01 October 2017
Ocean freight paid for import of exempted goods chargeable under RCM
01 October 2017
Can you provide notification reference.
01 October 2017
Notification No. 10/2017- Integrated Tax (Rate) dated 28.06.2017, prescribes that Importer, as defined in clause (26) of section 2 of the Customs Act, 1962, is liable to pay integrated tax for the services specified therein as under:
"Services supplied by 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."
Thus, the responsibility of discharging the GST liability on the above transaction is bestowed upon the related Importer, being the actual beneficiary of the service.
Notification No. 10/2017- Integrated Tax (Rate) dated 28.06.2017, prescribes that Importer, as defined in clause (26) of section 2 of the Customs Act, 1962, is liable to pay integrated tax for the services specified therein as under:
"Services supplied by 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."
Thus, the responsibility of discharging the GST liability on the above transaction is bestowed upon the related Importer, being the actual beneficiary of the service.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Itr 1 processing
- Reporting Income under Section 44ADA
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- Annual return of gst limit
- TDS ON CASH WITHDRAWALS...
- Article ship defecit
- GST collection on rent receipts
- Eway bill for machinery reparing
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
