Dear Sir,
Appreicate if anyone advise that GST rate on import ocean fright
Regards,
Simimol
simimol mathew (student) (49 Points)
07 February 2018Dear Sir,
Appreicate if anyone advise that GST rate on import ocean fright
Regards,
Simimol
Shankar Sharma
(505 Points)
Replied 07 February 2018
Ocean freight is a part of CIF value on which CD and IGST is levied. IGST can be claimed as ITC if importer is GST registred and the goods are imported for business.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"