TaxTMI 
TaxTMI 
GST on freight and insurance
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....ST on freight and insurance<br> Query (Issue) Started By: - Kaustubh Karandikar Dated:- 19-2-2021 Last Reply Date:- 12-6-2021 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>XYZ supplying good....
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....s for export on payment of GST under claim for refund. In the invoice over and above the value of the supply and GST, they also charge freight and insurance from Indian port to the destination outside....
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.... India. However, while paying GST the amount of freight and insurance is not considered being incurred for movement from port to outside India. Is it correct and if correct under which provisions beca....
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....use the GST authorities are demanding GST on the same. Reply By Shilpi Jain: The Reply: They may be demanding this considering it to be a composite supply. HOwever, this is a revenue neutral situati....
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....on. Even if payable, it would have been claimed as a refund. Reply By Ganeshan Kalyani: The Reply: The department is correctly claiming the tax on both the component viz freight and insurance as the....
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....y are composite supply. I agree with the view of the expert. Reply By YAGAY andSUN: The Reply: The rate of Tax on Freight & Insurance would be at par with the rate of tax on goods.<br> Discussion Fo....
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