High seas sale transaction

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Kelvin Bhuva (Querist)

22 April 2019 Need some Guidance on high seas sale transaction suppose we buy goods from uk and sell to third party with in India while goods in transits who is regd person under gst in bill of entry for home consumption third pays igst and they are third party importer we are original importer
how to treat this kind of transaction under gst what amount should we mention in gstr 3b and 1.....how to book this kind of transaction under accounting?
Thanks.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

22 April 2019 This transaction is outside the purview of GST need not be shown in gstr 3b and gstr 1. Treat it as sale outside India.

Kelvin Bhuva

Kelvin Bhuva (Querist)

22 April 2019 but we have sell good indirectly to third party who is in India as per my knowledge this kind of transaction are includes in schedule III as per February amendment so should we treat as non gst inwards and non gst outwards?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

22 April 2019 Yes, you are right included in schedule III.
It's not a non GST item.
.

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