A query

krina (student) (1263 Points)

10 September 2012

Hello everyone ..

Can some one please explain me that whether VAT is Applicable on HIGH SEA SALES ??

Thanks in advance ...

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5 Replies

CA Saiyum khan (Practicing CA) (690 Points)
Replied 10 September 2012

If the high sea sale is within the state then yes, and if the same is for the purpose of export then vat is not applicable.

1 Like

Abhimanyu Bind (CA Final Student & Audit Assitant) (2051 Points)
Replied 10 September 2012

Hi,

VAT is not applicatble in case of HIGH SEAS SALE. As in the case of HIGH SEAS SALE no value is added in that. So, VAT is not applicable.

Regards,

Abhi

1 Like

Harshal Fifadra (Chartered Accountant) (1489 Points)
Replied 11 September 2012

Originally posted by : Abhimanyu Bind
	Hi, VAT is not applicatble in case of HIGH SEAS SALE. As in the case of HIGH SEAS SALE no value is added in that. So, VAT is not applicable. Regards, Abhi

Agree with abhimanyu .......

Bhanu Dheniya (Asst.Manager A/c) (27 Points)
Replied 22 September 2012

which amount to be filled in C form

1.Taxable amount ( basic+excise)

2.Invoice amount (basic+excise+cst)

Bhanuprasad Dheniya

Harshal Fifadra (Chartered Accountant) (1489 Points)
Replied 22 September 2012

in case of inter state sales , c form application should be for invoice amount including CST net off goods return ....

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