Record High Seas Sales Under GST
High Seas Supply is when you supply imported goods to your party while the goods are still in transit and before crossing the customs frontiers of India. You can record such sales in TallyPrime without any taxes and report them as non-GST supplies in GSTR-1.
While recording a sales voucher:
- Select the party ledger applicable for supplies under high seas.
- Select the sales ledger configured with Nature of Transaction as High Seas Sales.
- Select the stock item configured with Taxability Type as Exempt.
- Do not select any tax ledger, as this is a non-GST supply.
- Provide other necessary details and press Ctrl+A to save.
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