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.
Gujarat High Court - IGST - Ocean Freight - IGST on Ocean Freight - Taxscan

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…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here
taxscan-loader