GST on ocean freight for transportation of goods in a vessel from a non-taxable to taxable territory
Case Law Details
Case Name : In re Indian Potash Limited (GST AAR Andhra Pradesh)
Related Assessment Year :
Courts :
AAR Andhra Pradesh Advance Rulings
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In re Indian Potash Limited (GST AAR Andhra Pradesh)
The transportation of goods in a vessel from a non-taxable territory to taxable territory amounts to import of service and such ocean freight is leviable to IGST as an inter-state supply of service and the Applicant, being the importer, are liable to pay IGST under reverse charge mechanism prescribed vide Notification No. 10/2017 -Integrated tax (Rate) dated 28.06.2017, by following the valuation as per Notification No.8/2017-Integrated Tax (Rate), dated 28-6-2017, irrespective of valuation adopted for the import of goods i.e. FOB or CIF.
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If importer is unregistered(individual)
How he will pay tax under RCM on freight.
Whether he is required to compulsory registration?