IGST on Ocean Freight cannot be Levied on FOB Transactions also: Gujarat HC Draws on Mohit Mineral’s Precedent in Ruling [Read Order]
The High Court’s decision reaffirmed that since IGST had already been paid on the entire value of the imports, including freight, imposing an additional tax for FOB transactions was unjustified.
By Navasree A.M - On October 26, 2024 6:44 pm - 2 mins read
The Gujarat High Court has held that Integrated Goods and Services Tax ( IGST ) on ocean freight cannot be levied on Free on Board ( FOB ) transactions also, drawing on decision with the precedent set in the Mohit Minerals Pvt. Ltd. case by the Supreme Court. The case revolved around a Private Limited…
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