If I made local sale of Imported Goods , without any further process (as it is), VAT to charges in Sales Invoice? If no, what is the procedure.
Thanking you,
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Output vat for import goods
Replies (2)
When you do local sale of imported goods you have to collect VAT in the normal course.But, if you can sell the entire consignment of import,to some other registered dealer,by transfer of documents,before they reach the Indian territory(called as high sea sales or sale in the course of import),by endorsing the documents,then no tax liability-neither VAT nor CST -arises......mjk
Thank you for the reply
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