Updated Online video classes available for CA,CS,CMA for May20 and Nov20 batch. Call: 1800-3000-0505

Self used MRI machinery selling to a company located in denmark what tax we have to collect


G CHANDRASEKAR (ACCOUNTS OFFICER)     06 December 2019

G CHANDRASEKAR
ACCOUNTS OFFICER 
 25 points

| My Other Post

we are a private limited scanning centre and we are planning to sell 1 self used MRI machinery to a company in denmark and we are going to receive payment in us dollars what is the rate of tax we have to collect from them if applicable and at what rate

CS Malay M Pota (Company Secreatary)     07 December 2019

CS Malay M Pota
Company Secreatary 
 86 likes  2684 points

View Profile | My Other Post

This is an export and no any tax is applicale on that.further if you will pay GST on any service as may be you use for export the GSt will be returned to you.Only you need to se that you must receive payment agaist the supply in Foreign currency and within 9 months from the date of export.Before doing this you should have Importer exporter code (IEC).You verify from your Customs Clearing agent that any Export benefit like MEIS is avilable against te said export if yes the same will give you monetery benefit.

 


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Popular Discussion


view more »