TMI BlogTax implicationX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Team We source and supply goods from India (registered as Pvt Ltd company) to our principal registered in USA, who in turn will market / sell goods to various countries , working as their Franc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hise. The principal buyer US , need invoice to be raised to seller at various countries directly with margin amount to seller end as indicated by principal to various countries and the profit or le ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ss will be shared according to % agreed between partners in India. How do we raise invoice to buyer at abroad and when payment received how to account at our country India. A sample illustration is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... given below. Cost at India say, ₹ 50000/= Bill to abroad clients as advised by Principal at USA : ₹ 57,500/=(15% margin) When payment received , the profit is 7,500/= and this will be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... shared amongst partners in India , as per agreement. Kindly enlighten GST and / or VAT tax implications . Request share sample invoice too. Thanks - Reply By Atul Rathod - The Reply = Do bill ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing as per the agreement. From GST Perspective-No difference, just take LUT and don't pay any taxes. Howver, you can also do with payment and go for refund. - Tax implication - Query Started B ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y: - Narayanan Jagadeesan Dated:- 2-3-2020 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... axmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
