Hello Sir/Madam,
I have a client who manages his business from India. Purchasing goods from china and selling directly in us market. no import or export in India. Only payment received or paid in India through Pay Pal. Now I want to know how his income is taxable in India.
Thanks
You are right sir, GST is not applicable on this transaction but what about income tax.
The difference of sale and purchase is chargeable to tax in India based on the amount received in India.
SKAA & Associates
New Delhi
CA Inter
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VIKAS VERMA & CO
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CAclubindia
