https://www.taxtmi.com/forum/issue?id=116473 Reverse charge on ocean freight makes the importer liable to pay IGST on freight charged by foreign shipping lines: under FOB the IGST is on the freight invoice to the carrier, while under CIF the IGST is levied on a stated portion of the CIF value in the bill of entry. Importers commonly pay IGST and later claim input credit, but statutory time limits and the mechanism of payment affect eligibility to claim that credit; notification-based exemptions for international freight can suspend the reverse charge for specified periods. en-us Fri, 12 Jun 2020 13:51:14 +0530 Thu, 23 Jan 2025 15:54:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116473 Reverse charge on ocean freight makes the importer liable to pay IGST on freight charged by foreign shipping lines: under FOB the IGST is on the freight invoice to the carrier, while under CIF the IGST is levied on a stated portion of the CIF value in the bill of entry. Importers commonly pay IGST and later claim input credit, but statutory time limits and the mechanism of payment affect eligibility to claim that credit; notification-based exemptions for international freight can suspend the reverse charge for specified periods. Discussion-Forum GST Fri, 12 Jun 2020 13:51:14 +0530 https://www.taxtmi.com/forum/issue?id=116473