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Sailing Through Tax Waters: GST on High Sea Sales clarified

In the complex world of indirect taxation, where even a sneeze can invite compliance nightmares, there’s one transaction that sails smoothly over legal waters-literally. Welcome to the world of High Sea Sales (HSS), where goods are sold mid-transit, before docking at Indian shores. Imagine this: You’re an importer, and before the goods you ordered even say hello to Indian Customs, you’ve already found a buyer and sold them......... Read More

Unraveling the Impact of GST on High Sea Sales

Sometimes the original importer arranges to sell the imported goods to another buyer before they reach in Indian Territory. Such sales are considered as high sea sales.  In simple terms, High sea sales are the sales where the buyer of the goods sells the goods to another person while the goods are still in transit. In this article we will discuss in detail about the high sea sales transactions and the implications of GST on such types of transactions...... Read More