https://www.taxtmi.com/article/detailed?id=10411 No separate IGST may be levied on ocean freight in CIF imports because a CIF contract constitutes a composite supply whose principal supply is the goods, so tax must be levied as on the supply of goods under Section 8. The importer may be treated as recipient of shipping services for IGST purposes since the supplier is outside India, the place of supply is the destination under Section 13(9), consideration can be regarded as paid notwithstanding payment by the foreign exporter, and valuation may be prescribed by residual rules where Section 15(1) cannot determine value. en-us Mon, 23 May 2022 10:16:14 +0530 Mon, 23 May 2022 10:16:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10411 No separate IGST may be levied on ocean freight in CIF imports because a CIF contract constitutes a composite supply whose principal supply is the goods, so tax must be levied as on the supply of goods under Section 8. The importer may be treated as recipient of shipping services for IGST purposes since the supplier is outside India, the place of supply is the destination under Section 13(9), consideration can be regarded as paid notwithstanding payment by the foreign exporter, and valuation may be prescribed by residual rules where Section 15(1) cannot determine value. Articles Goods and Services Tax - GST Mon, 23 May 2022 10:16:14 +0530 https://www.taxtmi.com/article/detailed?id=10411