International taxation
This query is : Resolved
26 September 2017
I want to ask Query related to both direct tax and Gst. I have a client who is doing third country trade of zinc, metal and lead.
Third country trade means purchasing goods from outside country and directly sell the goods from that outside country to another country.
I want to know direct tax and gst impact on this transaction
Third country trade means purchasing goods from outside country and directly sell the goods from that outside country to another country.
I want to know direct tax and gst impact on this transaction
26 September 2017
1 GST not applicable on this transaction as trading happen out side taxable territory.
2 As the person is resident of India direct tax payable on the income earned outside India and tax relief
available on any tax paid out side India.
2 As the person is resident of India direct tax payable on the income earned outside India and tax relief
available on any tax paid out side India.
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Value of property in capital gain
- FORM 26A APPLICABILITY
- Regarding TDS Applicability For Director Remuneration
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
