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TMI BlogGST on Ocean FreightX X X X Extracts X X X X X X X X Extracts X X X X ..... XYZ imported goods by sea from Brazil. The invoice of Brazilian freight forwarder was in the name of Indian CHA and paid also by him. Subsequently, the Indian CHA issued a debit note on XYZ for recovery of these freight charges. The GST under reverse charge to be paid on the ocean freight paid to Brazilian freight forwarder is to be paid by XYZ or the Indian CHA? - Reply By Shilpi Jain - The Repl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y = Without looking into the possible challenge to the RCM liability under GST on the freight charges, if we look at the RCM notification it states that the liabilty to pay tax is on the importer. In that case the person filing BoE would be liable i.e. XYZ. - Reply By KASTURI SETHI - The Reply = CHA is only playing the role of facilitator. He is a pure agent. De facto, he is not buyer/importer. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Expenses are to be borne by XYZ (importer) and not by CHA. Hence XYZ is liable to discharge tax liability on ocean freight. - Reply By Ganeshan Kalyani - The Reply = As per notification the importer has to pay IGST under RCM. If the import term CIF then 10% of the same to be considered as ocean freight and pay GST @5% on the same. If FOB then freight is know to the importer. Gst%@5% on the frei ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ght is payable. And if the outward supply of the importer is taxable then the input tax credit of the IGST paid is eligible. - GST on Ocean Freight - Query Started By: - Kaustubh Karandikar Dated:- 24-10-2019 Goods and Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanage ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ment - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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