January 24, 2020
IGST on ocean freight is not permissible under law: Gujarat High Court.
Source – business-standard.com The┬аGujarat High Court┬аhas declared imposition of integrated goods and services tax (IGST) on ocean freight as violative of the Constitution. Ocean freight is the cost incurred through an agreement between two foreign parties to bring goods to India via ocean. Allowing petitions against the tax, the court said the levy and collection