Service tax on Sea & Air freight Import
This query is : Resolved
11 April 2011
Dear freinds
I just want to know that whether any service tax will be payable on the Freight (both incase of Sea or Air) paid to carrying the goods in India. If yes, who is liable to pay the service tax either importer or freight & forwarder? Further a notification has been issued for the exemption from the pymt of svc tx on Air freight on Import upto the extent of the value taken under section 14 of Customs Act. Further pls provide some valuation rules for section 14 of customs act also?
I just want to know that whether any service tax will be payable on the Freight (both incase of Sea or Air) paid to carrying the goods in India. If yes, who is liable to pay the service tax either importer or freight & forwarder? Further a notification has been issued for the exemption from the pymt of svc tx on Air freight on Import upto the extent of the value taken under section 14 of Customs Act. Further pls provide some valuation rules for section 14 of customs act also?
11 April 2011
Service Tax liable on Sea freight. shipping agency will pay and recover from Importer.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
