RCM for ocean freight

235 views
User Avatar

stundent
42 Points Posted on 17 June 2021
RCM applicable or not for ocean freight ?
0 Reply Share Follow
On 17 June 2021 at 11:28 Report
Replies (2)
Quick Summary
This discussion explores the applicability of the Reverse Charge Mechanism (RCM) to ocean freight services. It clarifies that GST may be payable under RCM by the service recipient if the ocean shipping line is located in a non-taxable territory. The applicability ultimately depends on your status as the recipient of ocean transportation services from the shipping company.

User Avatar

Chartered Accountant
24588 Points Posted on 17 June 2021
If ocean shipping line is located in non-taxable territory then GST is payable under RCM by recipient of service
Reply
On 17 June 2021 at 12:23
User Avatar

GST Consultant
15986 Points Posted on 17 June 2021
Depends on whether you are the recipient of services of ocean transportation by shipping company
Reply
On 17 June 2021 at 14:35

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Income tax on Australian Stipendiary Steward on 3
  2. INCOME TAX SECTION 92E
  3. Queries on Tax Invoice and GST
  4. Income Tax Auditor Tenure for Small Companies
  5. Sec 8 company sec 12ab reg
  6. AIS Password: How to Open Your AIS PDF?
  7. Interview Questions
  8. ITR Filing Last Date 2026
  9. Tds - filing Conso File for tax year 2026-27
  10. ITR-3 Filing For AY 2026-27 - Tips

More recent discussions | Post

Related Topics :

Loading
Follow