We are doing high sea sales. How to file my high sea sales turnover in GSTR 3B return? How to report high sea sales in GSTR 1 return?
You need to show High Sea Sales under Nil/Exempted supplies under GSTR-3B and similarly under GSTR-1.
High Sea sales are not charged under GST and only original import with value addition is charged with IGST at time of clearance.
So, whatever commission you earn from High Sea Sales is taxed in hands of ultimate buyer directly by customs.
Sign up to discuss taxation, accounting and finance topics with experts from all over India.Join Discussion