The Hon’ble Bombay High Court in the case of Firmenich Aromatics Production India Pvt. Ltd. held that importers under CIF contracts are not liable to pay IGST/service tax on ocean freight under reverse charge, as they are neither recipient of such services and such levy violates the concept of composite supply under GST law.
Hon’ble Bombay HC affirmed that the Apex Court’s ruling on ‘ocean freight’ applies to both CIF and FOB contracts.
The Finance Ministry has notified changes to the IGST Act with regard to payment of integrated GST on ‘ocean freight’ on imported goods with effect from October 1.
Indian Coir industry which is an important cottage industry has urged the government to address the Ocean freight GST in…
Forwarded message. Dear Customer, Namaste! As you are aware that the CBIC vide Notification No. 02/2018-Integrated Tax (Rate) released on…
The government is considering scrapping integrated goods and service tax (IGST) on ocean freight and a proposal is likely to…
The Hon’ble High Court, Gujarat in the matter of M/S Louis Dreyfus Company India Private Limited v. Union of India…
The Gujarat High Court (HC) has provided relief to importers by directing the Centre to refund the Goods and Services…
It started when The Division Bench of Hon’ble Gujarat High Court vide its judgment in the case of MOHIT MINERALS…
The government is exploring all options including filing a review petition against the Supreme Court ruling that struck down levy…
