Goods and Services Tax

TAKE CREDIT OF IGST PAID ON OCEAN FREIGHT UNDER CIF BASIS

Service Tax – Started By: – BHAKTIKANT BHATT – Dated:- 11-6-2018 Last Replied Date:- 11-6-2018 – SIR,WHETHER WE TAKE IGST CREDIT ON 5% IGST PAID ON OCEAN FREIGHT PAID ON CIF PURCHASE VIDE NOTIFICATION NO 10/2017.EXCISE AUDITOR DENY TO TAKE IGST CREDIT WHICH WE PAID ON OCEAN FREIGHT.KINDLY GIVE US YOUR VALUABLE SUGGESTION.Thanks – Reply By Rajagopalan Ranganathan – The Reply = Sir, First please clarify whether ocean freight is paid in respect of imported goods or exported goods. Vide Sl. No. 9(ii) of Notification No. 8/2017-Integrated Tax (Rate) dated 28.6.2017 as amended, in respect of transport of goods in a vessel including services provided or agreed to be provided by a person located in non-taxable territory to a person located in non-

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