Can we pay IGST on Ocean Freight i.e. 5% in INR instaed of US$

[AkashDeep Singh]

sir,

Can we pay IGST on Ocean Freight i.e. 5% in INR instaed of US$ ???

For Example.

Ocean Freight Amount US$ 100

IGST on Frieght i.e. 5% US$ 5

we can pay IGST on Frieght in INR, but shipping line ask IGST on Freight have to pay in US$.

please suggest.

AI Summary

IGST on Ocean Freight: 5% Reverse Charge Mechanism Clarifies Import Tax Calculation and Payment Obligations A forum discussion explores the tax treatment of IGST on ocean freight for imports into India. The key points clarify that IGST on freight must be paid in INR at 5% under the reverse charge mechanism, calculated using the CBIC exchange rate on the Bill of Entry date. Importers are responsible for paying this tax to the government through the GST portal, not directly to the shipping line, despite potential requests for USD payment.