WebGSTR-1. Resolve Incomplete/Mismatch in Information; File GSTR-1; Document Summary for GST; ... Sales High Seas (VAT) Sales Non-Creditable (VAT) Sales - Others (VAT) Sales - Tax Free (VAT) ... Then record a purchase invoice when you receive the service. Under GST you need to report only the purchase invoice for works contract. WebJun 27, 2024 · High Sea Sales (hereinafter referred to as “HSS” for the sake of brevity) is a sale carried out between the original importer and another buyer, while the goods are in …
ITC reversal on high sea sale, Goods and Services Tax - GST
WebOct 21, 2024 · In the pre-GST regime, transactions of ‘High Sea Sales’ are considered under Section 5 (2) of the CST Act, 1956 and were not treated either as intra or inter State sales, … WebMay 24, 2024 · Where to show high seas sale in gstr-1. 24 May 2024 my client from bharuch, gujrat, import from germany and made high sea sales to indian company in sez … tkr revision rehab
High seas sale in gstr-1 - GST Return - CAclubindia
WebMethod 1 : For a specific type of sales transaction, you can create or update the sales ledger with the relevant Nature of transaction . Now select this sales ledger while recording the sales transaction. Method 2 : Select the common sales ledger during the sales transaction. WebAug 11, 2024 · Report File format Column title Description; Sales Invoice and Bill of supply: CSV: Differential % of Tax Rate: If the supply is eligible to be taxed at a lower percentage of the existing tax rate, select define%.For example, if the regular tax rate is 12 percent, and the differential percentage of the tax rate is 65 percent, the applicable tax rate will be 7.8 … WebFeb 8, 2024 · High sea sales and similar transactions that are neither supply of goods or services are considered exempt and hence ITC proportional to such sales cannot be claimed as per revised Section 17 (3). 5. Schedule III has been amended to provide for paras (7) and (8) and explanation (2) to take retrospective effect from 1st July 2024. 6. tkr pain after 1 year