Eye Share: IGST on Ocean Freight – Double Taxation ?

Jul 15,2019

One of the most contentious issues under GST regime which affects almost all importers across the industries is whether the importers are liable to pay IGST on RCM basis. Authority for Advance Ruling (AAR) in various States have held importer liable to IGST on RCM basis on ocean freight even if such freight is part of CIF value of imported goods. At the same time, it is worthwhile to note that several writs challenging said is...

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