Goods Purchased Outside India and Sold Directly Outside India

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This discussion clarifies that GST is not applicable to goods purchased and sold entirely outside of India, as such transactions fall outside the GST jurisdiction. While no GST returns are required, the conversation highlights a potential turnover mismatch with Income Tax due to TDS deductions under Section 194-O. A reconciliation statement is suggested to explain this discrepancy.

naveen

naveen (Querist)
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07 May 2024 Hi,

Whether gst shall be applicable on Goods Purchased Outside India and Sold Directly Outside India.

If Yes, on Purchase or Sale along with which Section ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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07 May 2024 No, GST not applicable as it's outside the jurisdiction of GST.

naveen

naveen (Querist)
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07 May 2024 Thanks Sir,
No need to report anywhere in GST Return 1/3B? howvever selling goods through E commerce operator and 194 O tds is being deducted under Income Tax act. It is creating Turnover mismatch between Income tax and GST? Please suggest

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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07 May 2024 Such mismatch can be explained reconciliation statement.

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