What should be date of booking the rcm liability on ocean freight (import of goods)?

As per sec 13(3) Of CGST Act TOS Shall be earliee of following-
1. Date of payment by reciepient
2.61st day from the date of invoice

And if TOS cant be determined by above the then the date on which Recipient pass entry in his books for receipt of supply

In your case liablity TOS shall be earlier of following
1. Date on which you make payment to Foreign shipping co
OR
2. 61st day from the date of Invoice issued by Foreign shipping co...

Originally posted by : Saket Mishra
	In your case liablity TOS shall be earlier of following 1. Date on which you make payment to Foreign shipping co OR 2. 61st day from the date of Invoice issued by Foreign shipping co...

Dear Saket,

The supplier of Goods sold on C&F terms. Thus, the "recipient" of (shipping) service in this case is the foreign seller of goods.

So, in this case, Ocean Freight was billed-to and paid by the Foreign seller of goods.

And therefore, the Importer did NOT receive the invoice. Hence cannot determine TOS.

Now, to determine TOS, it looks like will have to go with the date on which the recipient passed entry in his books for receipt of supply.

Let me know if you differ..

Thanks.