Applicability of gst
This query is : Resolved
21 October 2018
HELLO SIR,
ONE OF MY CLIENT DOING ONLINE BUSINESS IN INTERNATIONAL MARKET. HE REGISTERED HIM SELF AT US BASED WEBSITE AND SELLING PRODUCTS THERE. ALL PRODUCTS PURCHASED FROM CHINA AND DIRECTLY DELIVERED TO US. FUND RECEIVED BY CLIENT THROUGH PAYPAL. IS GST APPLICABLE ON THIS TRANSACTION OR NOT. IF YES THEN IS IT IMPORT EXPORT OR EXEMPTED AS ITS NON TAXABLE TERRITORY.
ONE OF MY CLIENT DOING ONLINE BUSINESS IN INTERNATIONAL MARKET. HE REGISTERED HIM SELF AT US BASED WEBSITE AND SELLING PRODUCTS THERE. ALL PRODUCTS PURCHASED FROM CHINA AND DIRECTLY DELIVERED TO US. FUND RECEIVED BY CLIENT THROUGH PAYPAL. IS GST APPLICABLE ON THIS TRANSACTION OR NOT. IF YES THEN IS IT IMPORT EXPORT OR EXEMPTED AS ITS NON TAXABLE TERRITORY.
CA R SEETHARAMAN
(Expert)
21 October 2018
GST not applicable as trade happen outside taxable territory. Both source and destination of supply is outside India.
21 October 2018
IS THERE ANY NEED TO REPORT IT UNDER GST IF YES THEN WHERE AS AN IMPORT EXPORT OR EXEMPTED.
CA R SEETHARAMAN
(Expert)
21 October 2018
No need to report it will not fall under any of the head.
Trading outside taxable territory.
Trading outside taxable territory.
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21 October 2018
OK THANK YOU VERY MUCH.
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