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GST on ocean freight under RCM
is gst applicable on ocean freight now under RCM method ? what is the rate and how to calculate the same ?
Replies (1)
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.
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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