RCM on export
yash (accountant) (519 Points)
20 February 2020
i need to pay Rcm on freight in relation to export done.
2 Replies
MOHIT JOSHI
(229 Points)
Replied 21 February 2020
No, u have to pay tax under rcm on frieght at the time of importation, in case of export POS wil be outside India
Anil Yadav
(Student)
(26 Points)
Replied 21 February 2020
Gujarat high court has stayed the payment of rcm on ocean freight and termed the notification as ultra vires and unconstitutional.
https://www.google.com/amp/s/www.thehindubusinessline.com/economy/logistics/igst-on-ocean-freight-unconstitutional-says-gujarat-hc/article30641828.ece/amp/
https://www.google.com/amp/s/www.thehindubusinessline.com/economy/logistics/igst-on-ocean-freight-unconstitutional-says-gujarat-hc/article30641828.ece/amp/
Recent Topics
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
- Claim if ITC on stocks 19-2020 conversion from com
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
Related Threads
CAclubindia
