Web20 May 2024 · Section 5 (3) of the IGST Act provides that the Government may specify the ‘categories of supply of goods or services or both’ on which the tax shall be paid on RCM … Webfreight services, cannot be made liable to pay tax under the IGST Act. • Ocean freight services provided by a person in a non-taxable territory to another person in a non-taxable …
Service Tax on Import Sea Freight: Amendments Overdone
WebGoods and services are divided into five different tax slabs for collection of tax: 0%, 5%, 12%, 18% and 28%. However, petroleum products, alcoholic drinks, and electricity are not taxed under GST and instead are taxed separately by the individual state governments, as per the previous tax system. [citation needed] Web24 Aug 2024 · 3.3 Question 3: Whether the applicant is required to pay GST on RCM basis under section 5(3) of the IGST Act, 2024 on commission paid to the Overseas … lowther repair
IGST IS NOT APPLICABLE ON OCEAN FREIGHT UNDER RCM - THE …
Web19 Mar 2024 · This tax was payable even if the importer did not directly pay the ocean freight charges to the shipping company/freight forwarder. This proposition has been … Web20 Jul 2024 · Recently, GST council in its 47th Council conference has recommended available rate increase into 18% for all Government works which was followed by issuance of Contact Don. 03/2024-C.T (R) dated 13.07.2024. Web23 May 2024 · The Hon’ble Supreme Court in UNION OF INDIA & ANR. VERSUS M/S MOHIT MINERALS PVT. LTD. THROUGH DIRECTOR - 2024 (5) TMI 968 - SUPREME COURT upheld … lowther road bishop auckland