https://www.taxtmi.com/forum/issue?id=115425 High sea sales are classified as no supply under Schedule III and therefore do not trigger reversal of proportionate ITC by the first importer; IGST liability and the corresponding credit eligibility attach to the person who clears the goods for home consumption, and Schedule III transactions are excluded from the value of exempt supplies for credit apportionment, while reporting of high sea sales is to be made as non-GST or no-supply in periodic returns. en-us Fri, 13 Sep 2019 21:09:14 +0530 Thu, 23 Jan 2025 15:54:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115425 High sea sales are classified as no supply under Schedule III and therefore do not trigger reversal of proportionate ITC by the first importer; IGST liability and the corresponding credit eligibility attach to the person who clears the goods for home consumption, and Schedule III transactions are excluded from the value of exempt supplies for credit apportionment, while reporting of high sea sales is to be made as non-GST or no-supply in periodic returns. Discussion-Forum GST Fri, 13 Sep 2019 21:09:14 +0530 https://www.taxtmi.com/forum/issue?id=115425