Query for High Sea Sale
This query is : Resolved
15 September 2009
Mr.A (Indain Individual) is importing goods from foreign. The situation is that Mr.A is performing High Ses sale to another buyer which is indian company. The bill of lading have possession in Indian Comapny name but Bill of entry was in possession of Mr.A's name.is it possible..?
the second thing is that Mr. A is reciving commision income not sale of goods income.
either Mr.A is correct for it.
Sales tax department is enforcing Mr. A for showing these transaction as Sale and he has to pay CST on it.
Is it make any diffrence in answer if Mr.A is also a Indian Comapany
the second thing is that Mr. A is reciving commision income not sale of goods income.
either Mr.A is correct for it.
Sales tax department is enforcing Mr. A for showing these transaction as Sale and he has to pay CST on it.
Is it make any diffrence in answer if Mr.A is also a Indian Comapany
15 September 2009
All thigs going right direction.
No sales tax on highseas sale
it will show in sales tax return
Mr.A is receiving profit of highseas sale not comm. so TDs not applicable on sale and purchase.
No sales tax on highseas sale
it will show in sales tax return
Mr.A is receiving profit of highseas sale not comm. so TDs not applicable on sale and purchase.
15 September 2009
I agree withe the expert , the only criterial has to see the date of High Seas Sales agreement , it should before the goods enter into the Indian custom tererity and before the filling of IGM at the discharge port.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- SEC 54 OF IT ACT
- Form 26QB for TDS on property
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- GST Annual Returns filing due date
- REGARDING GST ON COMMERICIAL PROPERTY
- Payable outstanding for years disallowance
- RCM - commercial rent paid to URP under GST
- Amendment of September 2021 Invoice
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
