Menu
Overseas freight
If we collect separately overseas freight by raising separate freight invoice where we have to show this entry in GST returns and whether GST is applicable? and what rate?
Replies (1)
For import ocean freight, GST under RCM is generally no longer applicable. For export ocean freight, it is treated as a zero-rated supply (0% GST). If you issue a separate invoice for freight, ensure it is classified correctly in your GSTR-1—as zero-rated for exports or based on the applicable service tax rate for domestic legs—to maintain compliance.
Recent Topic
- GST on Post-OC Installments – Payment Milest
- Sec-54F exemption and Carry forward losses
- FEMA treatment — USD gift from LRS-funded fo
- RSU and Schedule FA related
- ELIGIBILITY FOR COMPOSITION SCHEME
- Doubt regarding the purpose of Section 52(3) of Co
- 112 A Filling
- Long Term Capital Loss in ITR2
- LOAN INTEREST BENEFIT ON NEW TAX REGIME
- Retirement funds under new tax regime
Related Topics
CAclubindia
