Import of goods by vessel – Budget, 2016 made it expensive!!!

Import of goods by vessel – Budget, 2016 made it expensive!!! https://www.taxtmi.com/article/detailed?id=6722 Withdrawal of the maritime carriage exemption brings inward sea transportation within service tax. Domestic shipping lines will be liable as suppliers for services provided in the taxable territory, while foreign carriers will attract the reverse charge on the importer as service recipient. The amendment preserves an exemption only for aircraft carriage and clarifies that service tax on such services is excluded from customs valuation. en-us Thu, 03 Mar 2016 19:52:18 +0530 Thu, 03 Mar 2016 19:52:18 +0530 TaxTMI RSS Generator Import of goods by vessel – Budget, 2016 made it expensive!!! https://www.taxtmi.com/article/detailed?id=6722 Withdrawal of the maritime carriage exemption brings inward sea transportation within service tax. Domestic shipping lines will be liable as suppliers for services provided in the taxable territory, while foreign carriers will attract the reverse charge on the importer as service recipient. The amendment preserves an exemption only for aircraft carriage and clarifies that service tax on such services is excluded from customs valuation. Articles Budget - Tax Proposals Thu, 03 Mar 2016 19:52:18 +0530 https://www.taxtmi.com/article/detailed?id=6722