Bombay HC affirmed that Apex Court’s ruling on both ‘ocean freight’ applies to both CIF and FOB contracts.
Hon’ble Bombay HC affirmed that the Apex Court’s ruling on ‘ocean freight’ applies to both CIF and FOB contracts.
Tag: Ocean Freight GST
GST DAILY – 99 – Govt exempts 5% integrated GST on ocean freight imports from 1st October
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.
Budget FY24 Expectations: Coir industry seeks relief from GST on ocean freight
Indian Coir industry which is an important cottage industry has urged the government to address the Ocean freight GST in…
GST on International Outbound Freight
Forwarded message. Dear Customer, Namaste! As you are aware that the CBIC vide Notification No. 02/2018-Integrated Tax (Rate) released on…
IGST on ocean freight likely to be scrapped
The government is considering scrapping integrated goods and service tax (IGST) on ocean freight and a proposal is likely to…
Refund allowed of IGST paid by assessee on ocean freight charges
The Hon’ble High Court, Gujarat in the matter of M/S Louis Dreyfus Company India Private Limited v. Union of India…
Gujarat HC provides relief to importers by directing GST dept to refund IGST within six weeks along with interest
The Gujarat High Court (HC) has provided relief to importers by directing the Centre to refund the Goods and Services…
Claiming the refund of amount paid as ‘IGST’ on ocean freight ( In CIF Shipments) !
It started when The Division Bench of Hon’ble Gujarat High Court vide its judgment in the case of MOHIT MINERALS…
Government exploring all options against SC rulings related with IGST on Ocean Freight
The government is exploring all options including filing a review petition against the Supreme Court ruling that struck down levy…
SC: No IGST on Ocean Freight under RCM for CIF Import
The Hon’ble Supreme Court in Union of India & Anr. v. M/s Mohit Minerals Pvt. Ltd. [Civil Appeal No. 1390…