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From 1.6.2016

Service of Goods Transportation

by Vessel

vessel from a place outside India up to the customs station of clearance is now Taxable

(However If similar service is by aircraft,it is exempt under Mega Exemption Notification)

Who pay Service Tax in this case?

In case of Domestic Shipping Line,

Normal Charge is applicable and it pays Service tax

In case of Foreign Shipping Line,

Reverse Charge is applicable as it is a case of import of Service and the Business entity receiving this service will pay Service Tax

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 12 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.