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TMI BlogGST on freight and insuranceX X X X Extracts X X X X X X X X Extracts X X X X ..... XYZ supplying goods for export on payment of GST under claim for refund. In the invoice over and above the value of the supply and GST, they also charge freight and insurance from Indian port to the d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... estination outside India. However, while paying GST the amount of freight and insurance is not considered being incurred for movement from port to outside India. Is it correct and if correct under whi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ch provisions because the GST authorities are demanding GST on the same. - Reply By Shilpi Jain - The Reply = They may be demanding this considering it to be a composite supply. HOwever, this is a r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... evenue neutral situation. Even if payable, it would have been claimed as a refund. - Reply By Ganeshan Kalyani - The Reply = The department is correctly claiming the tax on both the component viz fr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eight and insurance as they are composite supply. I agree with the view of the expert. - Reply By YAGAY andSUN - The Reply = The rate of Tax on Freight Insurance would be at par with the rate of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ax on goods. - GST on freight and insurance - Query Started By: - Kaustubh Karandikar Dated:- 19-2-2021 Goods and Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - 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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