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GST applicability on import export of bill in india

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Kishore Devadiga

Part Time Accountant

21 Points Posted on 12 July 2021

Hello Everyone,

Is GST applicable if yes what is the rate for below trade transaction:

If goods imported from out of india & exported out of india ( eg: Metal purchased from brazil & sold to south africa) invoicing bill raised in India.

Please assist

Thanks.

Replies (4)

Quick Summary

This discussion clarifies GST applicability on international trade transactions where goods are imported from one country and exported to another, with invoicing originating from India. According to Schedule III of the CGST Act, such transactions, often termed 'merchant trading', are not considered a supply if the goods do not enter India. Therefore, GST is generally not applicable as these activities fall outside the scope of the GST Act.

CA Narendra Nimmala

Senior Manager

28 Points Posted on 12 July 2021

I am assuming the goods are not entering India and merely the invoice is being issued from India. As per Schedule III of CGST Act, Supply of goods from a place in the non-taxable territory to another place in the non-taxable territory without such goods entering into India are not considered to be a supply and hence GST need not be paid on such transactions.