Sale in course of import / high sea sales in gstr1

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Tejas Sant (Querist)
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08 March 2018 How to show Sale in Course of Import / High Sea Sales in GSTR1?

Case:

Party A Goods Imported in India and kept in FTWZ. Party A then made a contract with Party B and Party B cleared the goods from FTWZ under Bill of Entry in their name. Thus original Inbound Clearance from Port to FTWZ is done by Party A whereas Outbound Clearance i.e. for Home Consumption is done by Party B by doing Bill of Entry and paying IGST.

Now Party A wants to bill Party B whether there will IGST on such Sale ? How to show this transaction in GSTR1 ?

Natasha jhaver

Natasha jhaver (Expert)
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09 March 2018 In my views ...High sea sales will not be effected by GST. Party A will not bill to Party B a tax invoice charging IGST.
As under High sea sales it the last person who clears the goods from the customs is liable to pay IGST.

Tejas Sant

Tejas Sant (Querist)
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09 March 2018 Yes indeed ! But there will be a Invoice made from Party A to Party B. The question is how to show this in GSTR1 ?

As a Non-GST Sale or Exempt Sale ?

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