As there is no supply, GST cannot be charged on such sales, and hence there is no question of ITC relating to such transaction. In simple words, the tax has not been charged while purchasing HSS goods and therefore the tax will not be levied in HSS sales.

How do I EWAY bill for export?

Following are the mandatory Fields for generating E-way Bill

1. Transaction Type.
2. Sub Type.
3. Document Type.
4. Document No.
5. Bill From – GSTIN and State.
6. Dispatch From – Pin Code & State.
7. Bill To – GSTIN and State.
8. Ship to – Pin code & State.

When is a high sea sale ( HSS ) accepted?

1. High Sea sales (HSS) is a sale carried out by the carrier document consignee to another buyer while the goods are yet on high seas or after their dispatch from the port/ airport of origin and before their arrival at the port / airport of destination. 2. HSS is accepted under the import trade control regulation. 3.

How does high sea sale work in India?

Once after completion of necessary export procedures, A submits all necessary documents to his bank at seller’s place. ‘B’, enters in to an agreement of sale with C under high sea sale, once after movement of goods from the territorial border of exporter but before arrival of goods at the territorial border of India.

Can a goods be sold more than once on high seas?

Same goods can be sold more than once on high seas. In such cases, HSS agreement should give indication of previous title transfers. The last HSS buyer should also obtain copies of previous HSS agreement as such documents may be called upon by the customs. HSS is considered as a sale carried out outside the territorial jurisdiction of India.

How are high sea sales not liable to GST?

High Sea Sales (first supply) are not liable to GST. Nature of supply in case of “High Sea sale” transactions As per Section- 7 (2) of IGST Act, 2017 supply of goods imported into territory of India, till they cross custom frontiers of India, shall be treated a supply of goods in the course of inter-state trade or commerce.