India: No GST payable by Indian importer on reverse charge on ocean freight paid by foreign seller
A Supreme Court decision concerning GST payable on reverse charge on ocean freight
A Supreme Court decision concerning GST payable on reverse charge on ocean freight
The Supreme Court confirmed the decision of the Gujarat High Court which held that no tax is payable under IGST Act, 2017 by the Indian importer on reverse charge on ocean freight paid by foreign seller to a foreign shipping line.
The case is: Union of India v. Mohit Minerals Pvt. Ltd.
Read a May 2022 report [PDF 471 KB] prepared by the KPMG member firm in India
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