M. K. Agro Tech Pvt. Ltd ., In re
Date: September 27, 2019
Subject Matter
IGST should be paid by the importer on ocean freight in the case of CIF basis contract (On RCM basis)
Summary
Whether under Reverse Charge Mechanism, IGST should be paid by the importer on ocean freight on the case of CIF basis contract? 1. In the instant case, the importer in India is liable to pay the tax under RCM as they are deemed to be the recipient of…
1. M/s M.K.Agro Tech Pvt. Ltd., (called as the ‘Applicant’ hereinafter), having GSTIN number 29AADCM7734K1ZZ, have filed an application for Advance Ruling under Section 97 of the CGST/KGST Act, 2017, in FORM OST ARA-01, discharging the fee of Rs.5,000/- each under the CGST Act and the: KGST Act. 2. The Applicant is a Private Limited Company and is registered under the Goods and Service…