Menu
RCM on ocean freight
I had imported some goods and on which the ocean freight has not been mentioned in the import bill. whether i would have pay rcm on ocean freight which is unknown. If so how to calculate ocean freight in this regard.
Replies (1)
When Import is on CIF basis, the Bill of does not show Freight amount separately. 10% of the CIF value is determined as freight amount. on that freight amount 5% IGST is payable as Ocean freight.
Inspector Prabhat
Inspector Prabhat
Recent Topics :
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
- Subject: Urgent Assistance Required – TRACES
- Claiming business re-imbursements while filing GST
- E-waybill 14 Digit Numbring
- Non filing of MGT-14 for MD appointment
- HUF AFFIDAVIT vs HUF DEED - REQUIREMENTS & STA
Related Topics :
CAclubindia
