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TMI BlogIGST Exemption on Export freight after 01.10.2022X X X X Extracts X X X X X X X X Extracts X X X X ..... IGST Exemption on Export freight after 01.10.2022 X X X X Extracts X X X X X X X X Extracts X X X X ..... de Notn. No. 07/2021 - IGST (Rate). Parent Notification is 09/2017 IGST Rate and not 02/2018 amended from time to time. My question is there any notification issued by the GST council extending the exemption for a further period beyond 30.09.2022? Thanks Reply By KASTURI SETHI: The Reply: The situation is fluid. We can expect notification at any time. Earlier also there was a delay. Reply By ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... raghunandhaanan rvi: The Reply: Okay Sir. Well Noted Thank you Reply By KASTURI SETHI: The Reply: No further extension for exemption has been granted. So w.e.f. 1.10.22, GST @5% is applicable on export ocean freight and related freight components. Reply By Shilpi Jain: The Reply: Transport by aircraft 18%. Reply By Shilpi Jain: The Reply: Where an exempt supply has become taxable, there ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is eligibility of credit on inputs and capital goods as per section 18(1)(d) (d) where an exempt supply of goods or services or both by a registered person becomes a taxable supply, such person shall be entitled to take credit of input tax in respect of inputs held in stock and inputs contained in semi-finished or finished goods held in stock relatable to such exempt supply and on capital goods e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xclusively used for such exempt supply on the day immediately preceding the date from which such supply becomes taxable: Reply By raghunandhaanan rvi: The Reply: Shri. Kasturi Sir, and Smt. Shilpi Jain Mam Thank you so much for your valuable information. Reply By Eric Wynne: The Reply: In continuation of the GST on export freight implemented from 1st Oct 2022: I wish to have clarity if GST o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n export freight is to billed to overseas agent/customer. Reply By raghunandhaanan rvi: The Reply: Dear Sir In our case Bill is on Indian Shipper Thanka Reply By Shilpi Jain: The Reply: You can bill the GST to the overseas customer and this is not a matter governed by the Indian GST laws. It is based on the terms of the contract between you and the customer, whether you will be able to rec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... over from the customer or not. Reply By Abhishek Chauhan: The Reply: Hello Ma'am we works as an agent to provide services through vessel or aircraft to the customers can i claim gst input of ocean freight charges @ 5% that is charged by shipper on us Reply By Raveendran PM: The Reply: The real issue is that Custom House Agents (CHA) are not allowing to charge on IGST on such freight in t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he Shipping Bill, which leads the short refund of IGST to that extent. Is tthere any recourse ? X X X X Extracts X X X X X X X X Extracts X X X X
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