Web23 May 2024 · SC rules IGST is not leviable on inbound ocean freight in case of CIF contracts. This Tax Alert summarizes a recent ruling of the Supreme Court (SC). The … Web3 Jan 2016 · We understand that Service tax has been levied @ 4.5 % on Import Freight. My querry is , if the Invoice is raised on an Overseas party for Import freight coming into India, …
Service Tax on Import Sea Freight: Amendments Overdone
Web12 Apr 2024 · (HI Information Service) For Sale: 3 beds, 1 bath ∙ 880 sq. ft. ∙ 664 Hinano St, Hilo, HI 96720 ∙ $285,000 ∙ MLS# 666485 ∙ Great opportunity and potential on this conveniently located property in Downtown Hilo! Fix it up ... Web19 May 2024 · Entry 9 of Notification 8/2024, effective from 1 July 2024, levied an integrated tax at the rate of 5 per cent on the supply of specified services, including transportation of goods, in a vessel from a place outside India up to the customs station of clearance in India. ramy khoury
Service tax on ocean freight - Notification No 1/2024-ST
Web• The transaction of ocean freight service by foreign shipping line is neither an inter- State nor intra-State supply as per IGST Act. • Ocean freight has already suffered IGST as ... Web2.2 If the service provider (shipping line) is situated outside India, the liability to pay service tax would be on the service recipient, viz., the importer, as per S.No. 10 of Notification … Web6 Sep 2024 · (i) by procuring the quantum of freight charges and accordingly receive service tax ® 15% (14% ... overseas stripes