Service Tax on Import Freight by sea

[Sujeet Jha]

Service Tax on Import Freight by sea applicable from 1st June 2016 @ 4.20+0.15+0.15. kindly guide me what is accounting code for import freight by vessel (sea).

[Ganeshan Kalyani]

Sir the query is replied by Sri Pawan Sir. Thanks.

AI Summary

Service tax on import freight requires proper accounting code and classification following imposition on sea freight. Service tax treatment of freight on imported goods transported by sea: a practitioner asked for the appropriate accounting code for import freight by vessel after service tax on import freight by sea became applicable effective 1st June 2016; the forum notes the query was replied to by a colleague but provides no further accounting guidance.