TaxTMI 
TaxTMI 
GST on service of transportation of goods by air freight.
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....ST on service of transportation of goods by air freight.<br> Query (Issue) Started By: - Manoj Mahimkar Dated:- 21-10-2019 Last Reply Date:- 21-10-2019 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>Import Ocean Freight: The logistic company hires services of Shipping Company for the transportation of goods on principle to principle basis. The Shipping Companies pay GST under RCM and cha....
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....rges the same to Logistic Company. The logistic Company further charges The same while raising the invoice upon its client. The said transaction is taxable sales with full entitlement of common ITC incurred In the cases where the foreign shipping has raised the invoices upon the logistic Company, it does not charges GST as it does not have place of business in India. Hence the Logistic Company pa....
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....ys GST under RCM and levies the same in the Sales invoice. The said transaction is taxable sales with full entitlement of common ITC incurred The Logistic Company is engaged in the transportation of goods by air within India. The said transaction is liable to tax under GST with a full entitlement of common ITC incurred Export air freight/ocean freight: The logistic company is engaged in the tra....
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....nsportation of goods by air/ocean from the customs station for clearance in India to place outside India. Said transaction is exempt sales with a full entitlement of common ITC incurred Import Air Freight: The logistic company is engaged in the transportation of goods by air/ocean from place outside India to custom station for clearance in India. Said transaction is exempt sales and being so suc....
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....h sales would be considered as Exempt Sales for the purpose of reversal of common ITC I want to confirm whether the observation highlighted in a bold letter are as per the provision of GST law? Reply By Himansu Sekhar: The Reply: No bold lettered word is found. Will you please make a precise question? Reply By KASTURI SETHI: The Reply: Import Ocean Freight: Yes. Agreed. Export air freight/oc....
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....ean freight: Yes Agreed Import Air Freight: Yes. Agreed<br> Discussion Forum - Knowledge Sharing ....