OCEAN FRIGHT RCM CHARGES
This query is : Resolved
26 March 2020
Dear sir,
ocean freight (RCM) we have mentioning under A(3) i.e inward supplies liable to reverse charge but we heard some where we have to mention under table A(2) i.e Import services, which one correct sir?
1) which services will come under import services..
ocean freight (RCM) we have mentioning under A(3) i.e inward supplies liable to reverse charge but we heard some where we have to mention under table A(2) i.e Import services, which one correct sir?
1) which services will come under import services..
26 March 2020
Ocean freight (RCM) have to be mentioned under A(3) only.
Software services received from outside India will be import of service.
Software services received from outside India will be import of service.
26 March 2020
Please refer to the following wording of the relevant entry in notification No. 10/2017 :
"Services supplied by a person located in non-taxable territory by way of transportation of goods by a vessel from a place outside India up to the customs station of clearance in India."
From the above, it is clear that the service is "import of service" and therefore to be mentioned accordingly.
"Services supplied by a person located in non-taxable territory by way of transportation of goods by a vessel from a place outside India up to the customs station of clearance in India."
From the above, it is clear that the service is "import of service" and therefore to be mentioned accordingly.
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