my actual business is purchasing and selling goods at abroad, I don't have any business in india but I have gst registration in india,
can any one please suggest me to how gst apply to my business?
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e commerce seller abroad
Replies (3)
Are U doing said business from India ???
yes,iam doing from india
If the goods purchase do not cross the Custom barriers india & sold out of India , there is no GST levy & Such transaction do not cover Under GST . Yes .... as per amendment act 2018 (31) ,dt.29/08/2018, such transaction are being brought under schedule III which is shall be treated as neither supply of good or services. But it is being not yet notify till date , hence not into the force.
Yes for Income tax purpose add profit to your income .
Note : Can show such sale , purchases under Non GST or Exempted head in table 8
Yes for Income tax purpose add profit to your income .
Note : Can show such sale , purchases under Non GST or Exempted head in table 8
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