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.
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.
If goods are not entering India then such purchase and sale is out side the scope of GST
CAclubindia
