Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Discussions Forum
Home Forum Income Tax This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

export tax, Income Tax

Issue Id: - 112989
Dated: 2-11-2017
By:- zakkir hussain

export tax


  • Contents

Dear sir ,

I am an engineer working in Dubai, i have a client here who need some ENGG designs ,, and they need some material too.

1. Designs i am developing from my laptop and sending them.

2.Respective material i will buy from dubai [ by cash purchase ] itself to reduce freight cost and supply them,

as i am individual and i have no any co in dubai to receive the payment and the customer want to transfer the payment to india in indian rupees to in a company name.

simply saying buying from local [ dubai ] and need to sell thru india.,,

so please tell me,

1.do i need to register as an establishment in india ?

2.do VAT is applicable for such invoicing from india?

3.do VAT or any tax is applicable for any exports from india? tamil nadu ?

4. my approximately design and goods value is 1 lakh per month approximately .

5.if i have a registered est in india , while invoicing do i need to add VAT 5 % ?

6.Now dubai implementing VAT locally. 5%.

kindly reply

zakkir

Posts / Replies

Showing Replies 1 to 5 of 5 Records

Page: 1


1 Dated: 2-11-2017
By:- Ganeshan Kalyani

Sir, in India Goods and Service Tax is implemented with effect from 01.07.2017. Export is made under two option. One is with payment of Integrated Tax and second is without payment of integrated tax under LUT. In your case it is only the payment which is received in India. In my view GST is not applicable only for receipt of money. However i welcome views of my collegue experts. Thanks.


2 Dated: 2-11-2017
By:- KASTURI SETHI

Dear Querist, You buy from Dubai and want to sell in India. It is import and taxable. GST is applicable and not VAT. You need registration. Regarding export procedure, I agree with Sh.Ganeshan Kalyani Ji.


3 Dated: 3-11-2017
By:- zakkir hussain

Sir .mr kasturi didnot got my point.

Simply saying buying in dubai and aelling itself in dubai but thru indian co inv.and payment transfer to indian Co.

Just only invoive is issued from india.

So my inv ..need to add any tax or vat.or any income tax i have to pay?

Hope its clear now.

Plz reply for my all points earlier.

Thanks a lot for your kind advice.


4 Dated: 3-11-2017
By:- KASTURI SETHI

O. K. So neither import of goods nor import of service is involved. Hence no GST is applicable. Since VAT is subsumed with GST so no VAT is applicable. Income Tax Act is not my cup of tea.


5 Dated: 5-11-2017
By:- Ganeshan Kalyani

I agree with Sri Kasturi Sir.

Dear querist, please why you want to bill from India when all the transaction are outside the taxable territory. Eager to learn.


Page: 1

Old Query - New Comments are closed.

Quick Updates:Latest Updates