Sale in course of import / high sea sales in gstr1

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Tejas Sant (Querist)

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)

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)

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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