Menu
ocean Freight
Is GST applicable on ocean freight when term and condition CIF
Replies (3)
yes. @ 5% of assessable value. AV = Actual freight or 10% of invoice value.
invoice value = invoice amount*exchange rate
if goods exempted then also
Recent Topic
- Due date of ITR for Option Trader
- Cancelled invoice entry
- Debt Mutual Fund Tax in New Regime
- Amount distributed by a Co-op. Hsg Society to its
- Delayed reported invoice in GSTR1
- Kusumgar IPO Listing Date: Shares Debut on BSE, NS
- When is Diwali in 2026? Date, Muhurat Timing and D
- Amount received by son from PPF closure proceeds o
- Clarification on Nature of Payment Code for NRI Pr
- Fee received as Independent Director
Related Topics
CAclubindia
