High sea sale -IGST CLAIM AS INPUT OR NOT
This query is : Resolved
20 October 2019
SIR, HIGH SEA SALES AGREEMENT BETWEEN MR.X(KOLKATA-SELLER/IMPORTER(IEC CODE......)) AND MR.Y(KOLKATA-ACTUAL USER/BUYER)) GOODS CAME FROM FOREIGN COUNTRY. IGST PAID IN CUSTOM -ACTUAL USER/BUYER SO, MY query IS CAN ACTUAL BUYER CLAIM IGST PAID IN CUSTOM AS IGST INPUT CREDIT IN HIS BOOKS/GST RETURN AND IF HE CAN TAKE AS INPUT HOW TO SHOW GSTR 3B AND IF ANY NOTIFICATION ARE THERE RELATED HIGH SALE. IF ACTUAL BUYERS TAKEN INPUT CREDIT ON IGST PAID THEN HOW TO SHOW GSTR 3B RETURN AND THE AMOUNT PUT IN WHICH TABLE IN GSTR 3B.
21 October 2019
He claim the credit, hope all documents are endorsed in the name of final buyer.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CLOSING STOCK QUERY
- Taxation on Old jewellery sold
- ITR-Capital Gain
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Reporting in TDS return
- Error in uploading Form 10BD
- Query regarding reporting of exempt foreign remuneration in ITR
- F&O reporting in ITR
- TDS on rent received on hardship compensation being rent on redevelopment of building
- NRI INSURANCE ADVISOR
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
