Service tax on import ocean freight
This query is : Resolved
10 November 2016
we are a pvt.ltd.co. & import material from abroad countries.
we paid clearing & forwarding charges to xyz party. In that part invoice import freight
material invoice is included.Following is example.
xyz ( clearing & forwarding party) total invoice bill 200000
agency charges 20000
import freight 170000
THC charges 10000
in xyz part bill special bill for import freight attached named "NYKLine(India) Pvt.Ltd.
Rs.170000, But on bill of lading ( carrier) name appear as "NYK Line (Thailand) co.Ltd.
In above situation can we are liable to pay service tax on ocean freight on Rs.170000/-
Including agency charges ,ocean freight we are paying to "XYZ" Indian party. On behalf of
us XYZ party paid to "NYKLine(India) Pvt.Ltd., NYK Line's parent company is registered in
"Thailand"
In above situation can we are liable to pay service tax on ocean freight on Rs.170000/-
You are requested to guide us.
Thanking you,
Regards
Rajkumar Gutti
we paid clearing & forwarding charges to xyz party. In that part invoice import freight
material invoice is included.Following is example.
xyz ( clearing & forwarding party) total invoice bill 200000
agency charges 20000
import freight 170000
THC charges 10000
in xyz part bill special bill for import freight attached named "NYKLine(India) Pvt.Ltd.
Rs.170000, But on bill of lading ( carrier) name appear as "NYK Line (Thailand) co.Ltd.
In above situation can we are liable to pay service tax on ocean freight on Rs.170000/-
Including agency charges ,ocean freight we are paying to "XYZ" Indian party. On behalf of
us XYZ party paid to "NYKLine(India) Pvt.Ltd., NYK Line's parent company is registered in
"Thailand"
In above situation can we are liable to pay service tax on ocean freight on Rs.170000/-
You are requested to guide us.
Thanking you,
Regards
Rajkumar Gutti
10 November 2016
Service tax at 15% on 30% value of freight is payable.
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