TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
TaxTMI 
Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>IGST on High Sea Sales: Tax Levied Once at Import; Includes Value Added During Sales; Documentation Required for Verification.</h1> The circular addresses the levy of Integrated Goods and Services Tax (IGST) on high sea sales of imported goods. High sea sales occur when the original importer sells goods to a third party before customs clearance. The GST Council has determined that IGST on these transactions will be collected only once, at the time of importation, when import declarations are filed. The value added during each high sea sale will be included in the IGST calculation. The final buyer must provide documentation to verify the transaction chain. Customs authorities may assess the declared value if there are doubts about its accuracy.
TaxTMI 
