Dear All,
What is the meaning of High Sea Sale and what are the documnents required for HSS and what is the benefit under HSS for dealesr and end user
Thanks
CA Kanhaiyalal Gupta
Menu
High sea sale
Replies (1)
Dear Manish,
In the attached file there has been given all the cases of stock transfer. and in your case it is also transfer to branch outside state, which comes in Scenario-1 Stock transfer to another state, in which it is clearly mentioned that In stock/branch transfer, goods move from one State to another, but there is no ‘sale’.
Goods are sent to branch or depot or consignment agent in other State. Stock transfer/branch transfer is not subject to tax since there is no ‘sale’. Form F is required to be submitted to
establish stock transfer. And in this case also company is eligible for ITC.
Regds
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
