Dear Sir,
Appreicate if anyone advise that GST rate on import ocean fright
Regards,
Simimol
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Gst on import ocean frieght
Replies (3)
IT IS 5% WITHOUT ITC.
thanks sir
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.
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