The Gujarat High Court held in a decision issued on 23 January 2020 addressing a number of writ petitions that India’s integrated goods and services tax (IGST) may not be levied on ocean freight, and declared that the relevant notifications imposing the tax issued by the tax authorities were unconstitutional.
Source: Deloitte
Latest Posts in "India"
- Bombay HC Rules Freight Charges Reimbursed by Wholesalers Not Part of Sale Price
- GST Council announces major rate restructuring and exemptions
- Traders Face Penalties for Not Passing GST Reductions to Customers, Warns Government
- CBIC Clarifies GST Implications on Secondary or Post-Sale Discounts for Businesses
- India Slashes GST on Drones to 5%, Boosting Domestic Manufacturing and Sectoral Growth