GST:
Proviso to section 12(8) of the IGST Act is being omitted with effect from 1st October 2023 so as to specify the place of supply of services by way of transportation of goods to a registered person, to be the location of recipient, and in other cases the location at which goods are handed over for their transportation, irrespective of destination of the goods, in cases where the supplier of services and recipient of services are located in India. The notification makes the consequential change in the IGST Rate notification, removing ocean freight on the import of goods from reverse charge.
[Notification 11/2023 – Integrated Tax (Rate) dated 26th Sept 23]
