Gst Applicability in case of C & F Agent

[Mr Patel]

Dear Sir

My Query as under:

1. C & F agent are providing Ocean freight, Air Freight and other service separately and Gst rates 5, 5, and 18 respectively.

2.for Import/export of goods he is taking the services from Non resident companies in this case RCM would be applicable.

3. if RCM is applicable then he has not reported from since July 2017 to till then how pay and claim the credit.

4.Ocean freight from 01/01/2018 to 30/09/2019 was exempted can we take the benefits in case of RCM.

5. in case of C & F is correct to charges separately as Ocean/Air freight, other service instead of Handing charges.

Please provide the your valuable opinion in this case.

AI Summary

GST Implications for Clearing & Forwarding Agents: Rates, Exemptions, RCM, and ITC Claims. A discussion on the applicability of GST for a Clearing and Forwarding (C&F) agent covers multiple issues. The agent provides services such as ocean and air freight, with GST rates of 5% and 18% respectively. There is a query about the applicability of the Reverse Charge Mechanism (RCM) for services from non-resident companies and the ability to claim Input Tax Credit (ITC) for past periods. Exemptions for ocean freight from January 2018 to September 2019 are discussed, and the need to pay GST with interest if not reported timely is emphasized. The discussion also touches on a Gujarat High Court judgment affecting ITC claims, but advises adherence to current GST laws and rules.