Kishore Devadiga (Part Time Accountant) (22 Points)
12 July 2021Hello 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.
CA Narendra Nimmala
(Senior Manager)
(38 Points)
Replied 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.
CA Altamush Zafar
(GST Consultant)
(15907 Points)
Replied 12 July 2021
If goods are not entering India then such purchase and sale is out side the scope of GST
Pankaj Rawat
(GST Practitioner)
(55032 Points)
Replied 13 July 2021
Imthias ahamed Kormath
(910 Points)
Replied 13 July 2021
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