Goods imported on fob basis, cha agent paid freight amount Rs. 180000 to foreign shipping agent, then cha agent issued invoice on rcm basis (CGST+SGST) to importer, then importer paid CGST Rs. 4500 and SGST Rs. 4500(5% on Rs.180000) to government and claimed on input on such amount
This treatment is correct?
4 Replies
CA Altamush Zafar
(GST Consultant)
(15983 Points)
Replied 16 February 2021
If you are the importer then no need to worry since you paid the tax and claimed itc. If you are cha then you have reasons to worry
CA Altamush Zafar
(GST Consultant)
(15983 Points)
Replied 16 February 2021
The treatment in itself is not correct since the agent is not providing transportation services.
Ajnas
(Student)
(844 Points)
Replied 26 February 2021
Sir foreign shipping agent issue invoice in the name of cha agent, cha paid frieght to foreign shipping agent who will liable to reverse charge?
CA Altamush Zafar
(GST Consultant)
(15983 Points)
Replied 27 February 2021
Although tax under rcm is paid by the person liable to pay the consideration for service but in this case a lot depends on the agreements and arrangements between parties
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