Bill to india shipped to overseas
This query is : Resolved
22 August 2019
Hi,
Someone can help me for below queries :-
Overseas party has billed to us (India) and shipped to overseas (Germany), so there are two invoices one is Overseas to us and second export invoice from us to Germany, shipping bill is not made as goods not reached to our India territory, here what will be GST impact on this
Someone can help me for below queries :-
Overseas party has billed to us (India) and shipped to overseas (Germany), so there are two invoices one is Overseas to us and second export invoice from us to Germany, shipping bill is not made as goods not reached to our India territory, here what will be GST impact on this
06 July 2024
In this scenario, where goods are billed directly to you (in India) by an overseas party but shipped directly from overseas (outside India) to another destination (Germany), the GST (Goods and Services Tax) impact typically depends on whether you are importing these goods into India or facilitating a direct export from India to Germany.
Here’s a breakdown of possible scenarios and their GST implications:
1. **Direct Import into India:**
- If you are considered the importer of record and the goods are imported into India, you would need to pay IGST (Integrated Goods and Services Tax) on the transaction value of the goods as determined under the GST valuation rules. The invoice from the overseas party to you would likely include the IGST amount.
2. **Direct Export from India:**
- If the transaction is structured in a way where you are facilitating a direct export from India to Germany (even though the goods never physically enter India), the export would generally be treated as a zero-rated supply under GST. This means that you can claim a refund or a credit for any IGST paid on inputs or input services used to make that supply.
In both cases, it’s essential to ensure proper documentation and compliance with GST regulations. You may need to consult with a GST expert or a customs broker to determine the exact GST implications based on the specifics of your transaction and the nature of goods involved.
Here’s a breakdown of possible scenarios and their GST implications:
1. **Direct Import into India:**
- If you are considered the importer of record and the goods are imported into India, you would need to pay IGST (Integrated Goods and Services Tax) on the transaction value of the goods as determined under the GST valuation rules. The invoice from the overseas party to you would likely include the IGST amount.
2. **Direct Export from India:**
- If the transaction is structured in a way where you are facilitating a direct export from India to Germany (even though the goods never physically enter India), the export would generally be treated as a zero-rated supply under GST. This means that you can claim a refund or a credit for any IGST paid on inputs or input services used to make that supply.
In both cases, it’s essential to ensure proper documentation and compliance with GST regulations. You may need to consult with a GST expert or a customs broker to determine the exact GST implications based on the specifics of your transaction and the nature of goods involved.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Putting a heading on received mail
- Reprocessing of rectification order AY 2025-26
- Consolidated financials
- Section 50-fixed asset-->building ceases to exist
- TDS on TRUST
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
