TAKE CREDIT OF IGST PAID ON OCEAN FREIGHT UNDER CIF BASIS
Query (Issue) Started By: – BHAKTIKANT BHATT Dated:- 11-6-2018 Last Reply Date:- 11-6-2018 Service Tax
Got 1 Reply
Service Tax
SIR,
WHETHER WE TAKE IGST CREDIT ON 5% IGST PAID ON OCEAN FREIGHT PAID ON CIF PURCHASE VIDE NOTIFICATION NO 10/2017.EXCISE AUDITOR DENY TO TAKE IGST CREDIT WHICH WE PAID ON OCEAN FREIGHT.
KINDLY GIVE US YOUR VALUABLE SUGGESTION.
Thanks
Reply By Rajagopalan Ranganathan:
The Reply:
Sir,
First please clarify whether ocean freight is paid in respect of imported goods or exported goods.
Vide Sl. No. 9(ii) of Notification No. 8/2017-Integrated Tax (Rate) dated 28.6.2017 as amended, in respect of transport of goods in a vessel including service
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