Inter country trade

143 views 1 replies

Dear Sir,

I am a trading firm in Mumbai in chemicals. I have an order from Egypt for Methanol.

I intend to procure the material from south africa and sell it in Egypt.

I would like to have some help in regards to taxation and can this transaction be carried out legally since there is no physical arrival of goods in any port in india.

The material would be procured from South africa and delivered to egypt.

Is it possible and if yes, kindly help with regards to taxation.

Thanks,

Anirudh Vaman

9844689409

Replies (1)
As per Section- 7(2) of IGST Act supply of goods imported into territory of India, till they cross custom frontiers of India, shall be treated a supply of goods in the course of inter-state trade or commerce.

Hence Supply taking place in a “non- taxable territory” would be outside the jurisdiction for imposing any GST.

Yes profit on above the Income Tax is applicable

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details