Treatment of Import of Goods in transit

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..... One of my clients import materials, say the import takes place during the month of March and my client receive materials during April-May. It is under Ex-works basis. When they get title of ownership? .....

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..... In which month sales tax return the transaction will be included? What are accounting entries? Please clarify. - Reply By Ganeshan Kalyani - The Reply = Hope your query is resolved. If not, this is .....

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..... the answer. When the material is received at your factory gate and the date when the same is accounted in Goods Receipt Note (GRN) that date will be date when you got the title of ownership. Thus the .....

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..... month in which it is accounted in your books of account the return corresponding month return will be required to include such transaction. - Treatment of Import of Goods in transit - Query Started .....

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..... By: - ravichandran maraiyan Dated:- 14-9-2015 Value Added Tax - VAT-CST - Got 1 Reply - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Mana .....

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..... gement India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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