We are launching a site where we will be marketing goods supplied by an overseas supplier. The customer (say from India) will make a purchase on the site and the goods will be directly shipped by the supplier overseas. Will this transaction require import duty to be paid? (I believe there is some expemtion from import duty on personal expenses by individuals). Is a customer from any other country puchases from our website and again the goods are shipped directly by the supplier overseas; will this mean an export transaction?
It will be like a marketplace only but the only difference would be that the supplier would be from outside India. We will not ship the products ourselves - they will be shipped by the supplier directly to the customer.
Will our company have to pay service tax or any other tax for this?
Thanking you in anticipation of your help.
Regards
Shubha
CAclubindia
