GST ON EXPORT OCEAN FREIGHT
Query (Issue) Started By: – GNANASEKAR SHANMUGAM Dated:- 17-7-2017 Last Reply Date:- 27-7-2017 Goods and Services Tax – GST
Got 8 Replies
GST
Whether GST applicable on OCEAN FREIGHT for export of goods? if so what is the %
\nReply By KASTURI SETHI:
\nThe Reply:
\nWho bears the ocean freight ? Buyer or exporter ? Whether FOB value or not ?
\nReply By GNANASEKAR SHANMUGAM:
\nThe Reply:
\nIn our case, ocean freight is paid by exporter from India on C&F basis.
\nReply By KASTURI SETHI:
\nThe Reply:
\nIn my view, GST is not applicable on ocean freight for export of goods. Ocean freight stands for when goods leave Indian Territory.
\nReply By Kishan Barai:
\nThe Reply:
\n5% GST Ocean Freight Charged by SCI on its BL ; tra<\/p>\n
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