https://www.taxtmi.com/article/detailed?id=11907 The Supreme Court held that under a CIF contract the Indian importer is the recipient of the composite supply (goods plus transportation/insurance/freight), and that imposing a separate IGST under reverse charge on ocean freight would conflict with the composite-supply concept and tax transactions between foreign parties beyond India's territorial reach. Consequentially, Notifications Nos. 11/2023, 12/2023 and 13/2023 (effective October 1, 2023) were issued to remove the reverse-charge levy on ocean freight for imports. en-us Tue, 03 Oct 2023 09:54:33 +0530 Tue, 03 Oct 2023 09:54:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11907 The Supreme Court held that under a CIF contract the Indian importer is the recipient of the composite supply (goods plus transportation/insurance/freight), and that imposing a separate IGST under reverse charge on ocean freight would conflict with the composite-supply concept and tax transactions between foreign parties beyond India's territorial reach. Consequentially, Notifications Nos. 11/2023, 12/2023 and 13/2023 (effective October 1, 2023) were issued to remove the reverse-charge levy on ocean freight for imports. Articles Goods and Services Tax - GST Tue, 03 Oct 2023 09:54:33 +0530 https://www.taxtmi.com/article/detailed?id=11907