Service tax on Ocen Freight
This query is : Resolved
20 November 2016
Dear Experts,
Inward ocen freight is taxable wef 01.06.2016.
The query is whether ocen freight shall attract service tax under reverse charge in case of import on CFR/CIF basis, where seller and shipping line are located outside India.
In case of CFR or CIF purchase, the responsibility of arranging shipping line and payment of freight is on the seller. The purchaser is not a party to the contract for transportation.
Kindly opine.
Thank you.
Best Regards,
Shyam
20 November 2016
Yes reverse charge applicable in case of foreign shipping line.
20 November 2016
Dear Sir,
Suppose an importer is purchasing goods for say USD 500/-. How does he calculate the Service tax. He even does not know the freight that might have been charged.
20 November 2016
Obtain the details from carrier.
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
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- Taxable or Tax exempt
- TDS Deducted AY-2013-14 Not Reflected in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- ADVANCE PAYMENT OF ADVOCATE
- NRI starting business in India
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- GST not cancelled by tenant
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
