25 December 2023
a company has imported goods on FOB basis but the custom duty and igst on goods imported has been paid on CIF value which includes ocean freight , ocean freight has been paid seperately to the FOREIGN vessel owner , MY QUERY IS WHETHER THE COMPANY IS LIABLE TO PAY GST ON RCM ON OCEAN FREIGHT ALTHOUGH IT HAS PAID IGST ON CIF VALUE ? THE INVOICE DATE IS 18-9-2023 BUT THE VESSEL REACHED INDIA ON 10-10-2023 .
25 December 2023
SIR AS PER NOTIFICATION NO 10/2017 INTEGRATED TAX (RATE) DATED 28TH JUNE 2017 SI. NO 01 "Any service supplied by any person who is located in a non-taxable territory to any person other than non-taxable online recipient" GST ON REVERSE CHARGE WILL BE PAID ON OCEAN FREIGHT IN CASE OF FOB
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