Hello experts!
Mr.A staying in India has a business in which product is manufactured outside India and Sold outside India, but payment for purchase and receipts for sales are done by him from India, turnover is more than 5crores, is GST registration applicable?
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Applicability of GST
Replies (8)
Quick Summary
As per schedule III (7) CGST amendment act 2018 Supply of Goods form non taxable territory to another non taxable territory is nether supply of Goods nor services . so in my opinion its non GST supply .
please confirm with others also.
Ok, thank you
If he is earn commission income then I thing gst applicable on commission income.
No, it's not commission income, he purchases from one country and sales to another country and gets profit
Income earn in india... and turnover above 40 lakhs. So I think gst applicable on the income earn.
Dear Amish
You are doing merchant Trading.
Merchant Trading means supply of Goods from non-taxable territory to another place in the Non-taxable territory without such goods entering into the Taxable Territory.
As per Amendment Act 31 ,2018 , the merchant export has been included under schedule III ie Activities which treated as neither supply of goods nor supply services.
Hence No GST Applicable.
Note : effective from 1/2/2019
You are doing merchant Trading.
Merchant Trading means supply of Goods from non-taxable territory to another place in the Non-taxable territory without such goods entering into the Taxable Territory.
As per Amendment Act 31 ,2018 , the merchant export has been included under schedule III ie Activities which treated as neither supply of goods nor supply services.
Hence No GST Applicable.
Note : effective from 1/2/2019
Thank you Pankaj
In this case since both the purchase and sale is happening outside the territory of India, these are not taxable in India
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