Please Try a Different Browser

You are using an outdated browser that is not compatible with our website content. For an optimal viewing experience, please upgrade to Microsoft Edge or view our site on a different browser.

If you choose to continue using this browser, content and functionality will be limited.

country-icon India

10.20.23

GST exemption on ocean freight from October 2023

The Central Board Of Indirect Taxes & Customs (CBIC) has recently issued a notification dated 26.09.2023, which provides important amendments to the taxation on ocean freight under IGST.

As of now, importers must pay 5% GST on ocean freight under the Reverse Charge Mechanism. Under the new notification No.12, payments and IGST liability for goods imported through ocean freight (e.g. vessels) from outside India will be exempted starting October 2023.

Schedule a Free Consultation

Let us show you how we can support your business to send 100% compliant e-invoices in 54 countries. Please provide your details and one of our team will be in touch.

First Name*
Last Name*
Job Title*
Company*
Comments

By submitting this form, you agree to Tungsten Automation terms of use and privacy policy.*