GST is liable to be paid on leasing of tank containers taken form a supplier who is located outside India and the tank containers do not reach India.
Authority for Advance Ruling — Leasing of tank containers form a supplier located outside India – The applicant are Non-vessel owner container carriers/ Operators (NVOCC) who are based in India but lease containers from suppliers outside the country and in turn use it in transportation of bulk chemicals. The applicant sought advance ruling as to whether GST is liable to be paid on leasing of tank containers taken form a supplier i.e., lessor who is located outside India and the tank containers do not reach India; as it is finance lease, it is supply of goods and tank containers do not reach the Indian Territory.
Held that:- The Hon’ble Authority for Advance Ruling held that the applicant is liable to pay IGST on importation of lease services into India.
GST is liable to be paid on leasing of tank containers taken form a supplier who is located outside India and the tank containers do not reach India.
Authority for Advance Ruling — Leasing of tank containers form a supplier located outside India – The applicant are Non-vessel owner container carriers/ Operators (NVOCC) who are based in India but lease containers from suppliers outside the country and in turn use it in transportation of bulk chemicals. The applicant sought advance ruling as to whether GST is liable to be paid on leasing of tank containers taken form a supplier i.e., lessor who is located outside India and the tank containers do not reach India; as it is finance lease, it is supply of goods and tank containers do not reach the Indian Territory.
Held that:- The Hon’ble Authority for Advance Ruling held that the applicant is liable to pay IGST on importation of lease services into India.