https://www.taxtmi.com/forum/issue?id=115584 The GST reverse-charge liability for ocean freight is borne by the importer filing the Bill of Entry; a Customs House Agent who pays a foreign freight forwarder and recovers the amount remains a facilitator and is not the importer for GST purposes. Under CIF terms a portion of landed cost attributable to ocean freight is taxed under reverse charge, while under FOB the freight known to the importer is the taxable base. IGST paid under reverse charge is available as input tax credit if the importer's outward supplies are taxable. en-us Thu, 24 Oct 2019 06:53:22 +0530 Thu, 23 Jan 2025 15:54:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115584 The GST reverse-charge liability for ocean freight is borne by the importer filing the Bill of Entry; a Customs House Agent who pays a foreign freight forwarder and recovers the amount remains a facilitator and is not the importer for GST purposes. Under CIF terms a portion of landed cost attributable to ocean freight is taxed under reverse charge, while under FOB the freight known to the importer is the taxable base. IGST paid under reverse charge is available as input tax credit if the importer's outward supplies are taxable. Discussion-Forum GST Thu, 24 Oct 2019 06:53:22 +0530 https://www.taxtmi.com/forum/issue?id=115584