Respected Sir,
As an exporter [ LCL Cargo] , we obtain a quotation from freight forwarder as follows:-
1. Ocean freight (-) USD 50
2. Origin changes [ all inclusive] - USD 125
Net payable --USD 75
Query is that in a cut throat competitive market, instead of reducing origin charges, they are giving a negative ocean freight.
Do GST [ IGST] have such a provision to reflect a negative quote in Invoice? Having a doubt. Then as a service receiver, would we face any problem in future say IGST Credit.
Please advise.
Regards
Jayanta Bandyopadhyay
Kolkata
CAclubindia
