high sea salez

187 views 6 replies

Renganathan

Manager- Finance

58 Points Joined February 2008

we are DTA unit. we import materials from China and sell them on high sea sales to sez unit. request to advise the procedure and also the impact under GST

Replies (6)

Lakshmikant rai

student

95 Points Joined July 2014

under gst sales to high sea is treated as interstate transaction for the purpose of gst

Lakshmikant rai

student

95 Points Joined July 2014

for further query you can contact me 8298304592

Renganathan

Manager- Finance

58 Points Joined February 2008

Thanks Mr Lakshmikant for the reply. However, we have a dount whether there is taxability. As per the VAT regime the same was not taxable for all ( both local and interstate). However the sale to SEZ is exempted both under VAT and GSt Regime.

Now my question is that whether the high sea sale trasaction to SEZ would be liable for GST

Renganathan

Lakshmikant rai

student

95 Points Joined July 2014

please first i have to understand your nature of businee after that i can give you appropriate opinion.
so you feel free to call you.

Lakshmikant rai

student

95 Points Joined July 2014

please first i have to understand your nature of businee after that i can give you appropriate opinion.
so you feel free to call you.

Renganathan

Manager- Finance

58 Points Joined February 2008

THANKS lAKSHMIKANTJI.

WE ARE TRADING UNIT ENGAGED IN IMPORTING MATERIAL HANDLING EQUIPMENTS FROM CHINA AND SELL THE SAME ON HIGH SEA SALES BASIS TO SEZ UNIT LOCATED IN MEPZ. WE HAVE BEEN DOING THIS TYPE OF TRANSACTION FOR THE PAST 6 YEARS. NOW GST REGIME HAS ROLLED OUT WEF 1-7-17 AND WE HAVE AN IMPORT TO BE SOLD ON HIGH SEA SALES BASIS. AS SUCH WE DONOT HAVE ANY ISSUES RELATING TO FILING OF BOE WITH CUSTOMS. WHEN A DOUBT WAS RAISED BY MY COUNTERPART ON THIS SCORE, I NEED TO GET CLARIFICATION. THAT IS WHY I HAVE PUT THIS ISSUE IN TO THIS VALUABLE FORUM .

I HOPE I HAVE GIVEN THE CLEAR PICTURE ABOUT MY TRANSACTION

ONCE AGAIN THANKS A LOT