Transform 15 October 2019
If a foreign firm pays me for some goods manufactured in India and I use some money from same funds to buy goods in india and then the foreign firm exports the goods from me.
While in the process the foreign buyer may treat me as the manufacturer of good and the Indian seller may treat me as a local dealer.
This may last for few months or few years. Turnover may be 100-200 Crores in a year.
So, which type of firm would be suitable? Or without registering a firm can I work as an agent of foreign firm getting commissions?
Should I work as a individual person and take/make payments from my individual Current Account?
How much income tax, gst would be applicable?
What if invoices are not given by buyer/seller?
Isn't the whole process too lengthy in terms of documentation and it is too complex considering all the compliances and even tax calculations..
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