We are dealing in Export of Oil & Gas Equipments for that our CHA has charged GST @ 18% on C&F Service, GST @ 5% on Freight Charges & GST @ 0% on Certificate of Origin (COO) Charges. so my question is weather applicable rates he has charged is correct or not if yes can we claim ITC on Such Service & he has not charged GST on COO is it correct if no weather compliance lies on me under RCM.
Thank You
18% and 5% applied is correct.
COO would have been issued by some Export promition council (EPC), etc who would likely have charged GST to your CHA.
So, your CHA should normally charge you COO issuance charge (for his service) with GST in addition to the EPC charges.
As per GST rules, all expenses that are for furtherance of business (except some selected ones) are eligible for ITC. So, I suppose that GST on all above mentioned charges should be eligible for ITC as they are part of your business.
Thank you sir
Naveen Fintech Pvt Ltd
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Gupta Sachdeva & Co. Chartered Accountants
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