https://www.taxtmi.com/forum/issue?id=110427 Reverse charge applies when a foreign shipping line provides transport of goods by vessel to a business entity in India: the Indian recipient must pay service tax on the value of the service irrespective of CIF or FOB contractual terms. Domestic shipping is taxed under forward charge; services from foreign shipping lines attract reverse charge, with the tax available as input credit and excluded from customs assessable value. Cenvat credit is permitted for eligible inputs, capital goods and input services for outward vessel transport from the customs station. en-us Mon, 30 May 2016 16:11:56 +0530 Thu, 23 Jan 2025 15:56:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110427 Reverse charge applies when a foreign shipping line provides transport of goods by vessel to a business entity in India: the Indian recipient must pay service tax on the value of the service irrespective of CIF or FOB contractual terms. Domestic shipping is taxed under forward charge; services from foreign shipping lines attract reverse charge, with the tax available as input credit and excluded from customs assessable value. Cenvat credit is permitted for eligible inputs, capital goods and input services for outward vessel transport from the customs station. Discussion-Forum Service Tax Mon, 30 May 2016 16:11:56 +0530 https://www.taxtmi.com/forum/issue?id=110427