Goods imported on fob basis, cha agent paid freight amount Rs. 180000 to foreign shipping agent, then cha agent issued invoice on rcm basis (CGST+SGST) to importer, then importer paid CGST Rs. 4500 and SGST Rs. 4500(5% on Rs.180000) to government and claimed on input on such amount
This treatment is correct?
Menu
GST OCEAN FRIEGHT
Replies (4)
If you are the importer then no need to worry since you paid the tax and claimed itc. If you are cha then you have reasons to worry
The treatment in itself is not correct since the agent is not providing transportation services.
Sir foreign shipping agent issue invoice in the name of cha agent, cha paid frieght to foreign shipping agent who will liable to reverse charge?
Although tax under rcm is paid by the person liable to pay the consideration for service but in this case a lot depends on the agreements and arrangements between parties
Recent Topic
- Composition scheme
- Input tax credit under igst under insurance compan
- ITR Form to be used
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
Related Topics
CAclubindia
