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GST on ocean freight under RCM

Pradeep Kumar Sarangi (Account Executive) (121 Points)

06 February 2023

is gst applicable on ocean freight now under RCM method ? what is the rate and how to calculate the same ?

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CA Rashmi Gandhi (Chartered Accountant) (86469 Points)
Replied 07 February 2023

RCM @ 5% applicable but read below 👇 mentioned article.

https://vjmglobal.com/gst/judgements/no-gst-on-ocean-freight-under-reverse-charge-mechanism-on-cif-contract/#:~:text=When%20goods%20are%20transported%20by,RCM%20on%20such%20freight%20amount.

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