Menu
Purchase from outside india but goods received within india.
An indian party sold goods to party outside india and billed to that party but ship to me within india. There is no import of goods. So how to treat this transaction in my books.
Replies (5)
Quick Summary
Dear Ali
In Subject matter you have written goods purchase from out side India , and in query it is Goods sold out side India , please clarify which is correct .
No transactions Record because in your side no any economic transaction made.
Prasad ji , I have purchased goods from outside india party, but that party purchased goods from india and direct that party to deliver goods to me. so i m confused. is it import for me or not.
No it is jot import as goods are supplied within India
Section 2(10) of the IGST Act import of goods means bringing goods into India from place outside India .
Recent Topics :
- GIFT REGARDING
- TDS on salary to non resident managing director
- Ewaybill and Transport documents (Lorry receipt)
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
- TDS processed with short deduction default
- TDS on rent paid to RNOR Landlord. Can RNOR US tax
- PAN CANCELLATION OF A DISSOLVED PARTNERSHIP FIRM
Related Topics :
CAclubindia
