TaxTMI 
TaxTMI 
Dear expert,
Could you explain where do we show the high sea sales transaction. Since we will charge any tax on the transaction.
Thanks in advance.
High sea sales
07 Sep 2017 
7 Replies 
2302 Views Asked by
High sea sales treated as import - attract IGST and customs levies and must be reported as import-linked supplies.
High sea sales are treated as imports for GST purposes and therefore attract integrated GST in addition to customs levies. Such transactions should be reported in periodic returns as import-linked supplies-shown in purchase return schedules (GSTR-2 Column 5) and, when applicable, classified as B2B outward supplies. Whether a high sea sale is exempt depends on satisfying statutory exemption conditions rather than the mere fact of being a high sea sale. (AI Summary)
High sea sales are treated as imports for GST purposes and therefore attract integrated GST in addition to customs levies. Such transactions should be reported in periodic returns as import-linked supplies-shown in purchase return schedules (GSTR-2 Column 5) and, when applicable, classified as B2B outward supplies. Whether a high sea sale is exempt depends on satisfying statutory exemption conditions rather than the mere fact of being a high sea sale. (AI Summary)