High sea sales
This query is : Resolved
05 December 2015
Hi Friends,
One of our clients has imported furniture from outside country. But they have got the invoice from Bangalore branch.No VAT is charged in the invoice. But it is clearly mentioned as high sea sale.
My question is can this be taken as import. (they have received furniture from other country).if yes, then will there not be any problem regarding invoice which is raised from bangalore.
One of our clients has imported furniture from outside country. But they have got the invoice from Bangalore branch.No VAT is charged in the invoice. But it is clearly mentioned as high sea sale.
My question is can this be taken as import. (they have received furniture from other country).if yes, then will there not be any problem regarding invoice which is raised from bangalore.
05 December 2015
No vat is payable on high sea sale. As the importer in India is selling the goods on high seas the invoice can be from Bangalore. It is an imported item.
Message likes :
1 times
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
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Regarding TDS Applicability For Director Remuneration
- Transporter Declaration form
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Copyright software
- FORM 26A APPLICABILITY
- Tds UNDER SECTION 195 INTEREST PAID TO NRI DIRECTOR
- Clarification on TDS Applicability
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
