Recently, the CBIC has issued various notifications dated 26.09.2023, to provide major amendments in relating to taxation of GST on Oceans freight, to implement the decisions taken in the 50th GST Council Meeting held on 11th July, 2023. 

These Notifications are under:

1.  Notification No.11/2023- Integrated Tax (Rate) dated 26.09.2023 w.e.f. 01.10.2023

The CBIC vide Notification 11/2023- Integrated Tax (Rate) dated 26.09.2023, has omitted the Entry No. 9 under Notification No. 8/2017-Integrated Tax (Rate) dated 28.06.2017, relating to levy of IGST on “Services provided or agreed to be provided by a person located in non-taxable territory to a person located in non-taxable territory by way of transportation of goods by a vessel from a place outside India up to the customs station of clearance in India.” 

The Notification shall be effective w.e.f. 01st October, 2023. 

The Notification can be accessed at https://taxo.online/wp-content/uploads/2023/09/NN-11_2023-ITRate.pdf

2. Notification 12/2023- Integrated Tax (Rate) dated 26.09.2023 w.e.f. 01.10.2023

The CBIC vide Notification 12/2023- Integrated Tax (Rate) dated 26.09.2023, has made amendment in the Entry No. 10. under Notification No. 09/2017- Integrated tax (Rate) dated 28.06.2017, to provide extend the exemption of IGST on Services received from a provider of service located in a non-taxable territory by way of transportation of goods by a vessel from a place outside India up to the customs station of clearance in India received by persons specified inthe entry.”

The Notification shall be effective w.e.f. 01st October, 2023. 

The Notification can be accessed at https://taxo.online/wp-content/uploads/2023/09/NN-12_2023-ITRate.pdf

3. Notification 13/2023- Integrated Tax (Rate) dated 26.09.2023 w.e.f. 01.10.2023

The CBIC vide Notification 13/2023- Integrated Tax (Rate) dated 26.09.2023, has omitted Entry No. 10. under Notification No. 10/2017- Integrated tax (Rate) dated 28.06.2017, relating to payment of IGST by the Importer under reverse charge mechanism, for the Services supplied by a person located in non-taxable territory by way of transportation of goods by a vessel from a place outside India up to the customs station of clearance in India to a person located in non-taxable territory.  

The Notification shall be effective w.e.f. 01st October, 2023. 

The Notification can be accessed at https://taxo.online/wp-content/uploads/2023/09/Notification-No.-13_2023-IT-Rate.pdf