My query is that suppose Mr. A import goods from foreign to India and Sells the same goods to Mr. B, further Mr. B sells the same goods to Mr.C (SEZ UNIT), before the goods crosses custom frontiers of India. As this is Two high seas sales together, So What will be the GST Applicablility on this Transaction ? Is Mr. A and Mr. B both liable to charge GST on high seas sales ??
11 June 2024
Since this Transaction is of Sale to & from Non Taxable Territory it is covered under Schedule III of CGST Act , Such transaction are out of purview of GST i.e. it is not considered as Supply of Goods neither Service
12 June 2024
If you go by Section 2 (47) -& 2(78) , all supplies i.e. Exempt, Nil Rated and even Non Taxable Supply is covered under Exempt Supply, so better to show under Exempt Supply in GSTR 1
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