Input Tax credit on Export ocean freight charged by Shipping line @ 5% to Exporter of goods

Input Tax credit on Export ocean freight charged by Shipping line @ 5% to Exporter of goods https://www.taxtmi.com/forum/issue?id=120861 Input tax credit is available to an exporter receiving ocean freight services even where GST is charged at 5%, if the CGST Act conditions are met. Ocean freight used for export is treated as an input service for zero-rated supplies, allowing set-off against output tax liability or refund of unutilized credit. The 5% concessional rate restricts the supplier's credit entitlement and does not, by itself, deny credit to the exporter; availability of credit does not depend on whether GST is charged at 5% or 18%. en-us Thu, 09 Apr 2026 10:04:04 +0530 Tue, 14 Apr 2026 09:51:22 +0530 TaxTMI RSS Generator Input Tax credit on Export ocean freight charged by Shipping line @ 5% to Exporter of goods https://www.taxtmi.com/forum/issue?id=120861 Input tax credit is available to an exporter receiving ocean freight services even where GST is charged at 5%, if the CGST Act conditions are met. Ocean freight used for export is treated as an input service for zero-rated supplies, allowing set-off against output tax liability or refund of unutilized credit. The 5% concessional rate restricts the supplier's credit entitlement and does not, by itself, deny credit to the exporter; availability of credit does not depend on whether GST is charged at 5% or 18%. Discussion-Forum GST Thu, 09 Apr 2026 10:04:04 +0530 https://www.taxtmi.com/forum/issue?id=120861