we have purchased goods from foreign country ( original supplier is in abroad , and actual seller is in India ) on high seas basis .The said bill of entry shows IGST .The goods is under chapter 29.
But in recent gst 48th council meeting it is decided that - Transaction of high seas sales & merchant trading sales to be deemed to be a part of schedule III
w.r.e.f.July 1, 2017
what is the effect of changes in our business.
CAclubindia
