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IGST Levied On Ocean Freight Not To Be Reviewed By GST Department

A previous decision of the High Court held that under the GST law, importers are required to pay IGST at a rate of 5 percent on ocean freight services under the Reverse Charge Mechanism (RCM), whereby the duty of the importer is responsible for paying the IGST on behalf of the foreign buyer.

Source: thelogicalindian.com

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