ITC in case of CFA
This query is : Resolved
10 April 2023
Hello,
We are CFA (Clearing & Forwarding Agent). We charge 5% GST on our sales bill for ocean freight. Further we paid ocean freight to other at 5%. My question is can we claim ITC on ocean freight (5%) paid by us?
We are CFA (Clearing & Forwarding Agent). We charge 5% GST on our sales bill for ocean freight. Further we paid ocean freight to other at 5%. My question is can we claim ITC on ocean freight (5%) paid by us?
Guest
Guest
(Expert)
11 April 2023
Yes, you can claim credit. Please see this video to understand other implications and recent amendments.
https://youtu.be/pu1NPB3eWUM
https://youtu.be/pu1NPB3eWUM
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