AAR: IGST payable on ocean freight by importer irrespective of valuation methodology

Andhra Pradesh AAR holds that transportation of goods in a vessel from a non-taxable territory to taxable territory amounts to import of service, therefore, applicant/importer (engaged in import-handling, promotion and marketing of fertiliser) is liable to pay IGST on the ocean freight, as an inter-state supply; Clarifies that, IGST is payable under reverse charge mechanism prescribed vide Notification No. 10/2017- Integrated Tax (Rate) dated June 28, 2017 by f...