VAT for american company selling in India
This query is : Resolved
30 January 2011
Q1
If American company is selling to Indian customers – is it responsible to pay sales tax or VAT in India? For example a lot of Indian customers buy products from Amazon.com in USA. Customers pay with their credit cards and Amazon just ships the products from USA. Similarly we also as an American company , do we have to pay only America taxes or Indian VAT as well?
Q2
Can a US company open a bank account in India? What are the requirements? Do we need to open a branch office/ registered office in India? Will that be like opening a company in India? Or is it possible to open an account without having a physical office and address in India?
If American company is selling to Indian customers – is it responsible to pay sales tax or VAT in India? For example a lot of Indian customers buy products from Amazon.com in USA. Customers pay with their credit cards and Amazon just ships the products from USA. Similarly we also as an American company , do we have to pay only America taxes or Indian VAT as well?
Q2
Can a US company open a bank account in India? What are the requirements? Do we need to open a branch office/ registered office in India? Will that be like opening a company in India? Or is it possible to open an account without having a physical office and address in India?
Sunil Arora Advocate
(Expert)
03 February 2011
As regards to Q-1
There is no liability to pay VAT on American Company in India (It is import from outside india)
There is no liability to pay VAT on American Company in India (It is import from outside india)
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