GST ON EXPORT OCEAN FREIGHT

[GNANASEKAR SHANMUGAM]

Whether GST applicable on OCEAN FREIGHT for export of goods? if so what is the %

AI Summary

Is GST Applicable on Ocean Freight for Exports? Explore Refunds and IGST Act Section Implications. A discussion on a forum addressed whether GST is applicable on ocean freight for exporting goods. One participant clarified that ocean freight is paid by the exporter from India on a C&F basis. Another participant suggested that GST is not applicable on ocean freight for exports as it pertains to goods leaving Indian territory. However, it was noted that a 5% GST is charged by shipping companies, and exporters can claim a refund for GST paid on ocean freight. There was also a query about the applicability of CGST and SGST on ocean freight, depending on the section of the IGST Act applied.