No GST on Supply of Imported Goods on High Seas Sale basis as it Cover under Entry 8(b) of Schedule 111 of CGST Act: Gujarat AAR [Read Order]

The transaction of sale of goods by tecnimont pvt ltd to Indian Oil Corporation ltd covered under Entry 8(b) of Schedule III of the CGST Act.
By Aiswarya Krishnadas - On May 11, 2024 2:01 pm - 2 mins read
tax news - Imported Goods - GST updates - CGST act - Gujarat ARR - taxscan

The Gujarat bench of the Authority for Advance Ruling (AAR), ruled that there was no Goods and Service Tax applicable on the supply of imported goods on a high seas sale basis, as it falls under Entry 8(b) of Schedule III of the Central Goods and Service Tax  CGST Act, 2017. M/s Tecnimont Private Limited,…

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