goods import from out of country only for only testing.
then what would be GST consequences?
GST on Service Export
Amit Gupta (9 Points)
03 April 2019
Amit Gupta (9 Points)
03 April 2019goods import from out of country only for only testing.
then what would be GST consequences?
CA Aravind Penugonda
(Chartered Accountant)
(311 Points)
Replied 03 April 2019
Hi Amit,
If the goods are imported merely for the purpose of testing and are re-exported after repairs/ testing without being put to use for any other purpose, then POS shall be the location of recipient, which in the present case is outside India.
In addition to above, if the proceeds are received in CFE (convertible foreign exchange) and the parties are not merely an establishments of a distinct person, then the same would qualify as 'export of service'.
Otherwise, the same is liable to GST.
Regards
Aravind Penugonda
Amit Gupta
(navi mumbai )
(152 Points)
Replied 03 April 2019
Deeptha Srinivasa Ragavan
(Article Assisstant)
(218 Points)
Replied 03 April 2019
CAclubindia
