Merchanting trade in GST

mohak (Student) (51 Points)

25 November 2020  

Hi,

We are in general import export business. But, we have one merchanting trade transaction where we have bought goods from china and sold to our client in US. Goods are neither imported to India nor exported from India. We have our name on BL as a notify party. Want to ask what will be its impact on GST and how will we show it in return. And while taking the value of goods how we will convert the value of goods from USD to INR because we dont have any shipping bill or bill of entry.