Ocean Freight not subject to Service Tax under RCM in case of CIF Imports: Supreme Court [Read Judgement]

Ocean Freight - Service Tax - RCM - CIF Imports - Supreme Court - Service Tax under RCM - taxscan

In a recent ruling, the Supreme Court bench comprising Justice B.V. Nagarathna and Justice Ujjal Bhuyan, has dismissed the revenue’s appeal and declared that there is no service tax under Reverse Charge Mechanism (RCM) applicable to Ocean Freight for Cost, Insurance, and Freight (CIF) imports. The Civil appeal before the Supreme Court stems from the…

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