Home Forum Goods and Services Tax - GST Month 3 2020 2020 (3) This
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Tax implication - Goods and Services Tax - GSTExtract 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 Franchise. 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 less 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 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 shared amongst partners in India , as per agreement. Kindly enlighten GST and / or VAT tax implications . Request share sample invoice too. Thanks
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