TMI BlogMERCHANT TRADINGX X X X Extracts X X X X X X X X Extracts X X X X ..... dear sir, we are company based in merchant trading and importing, but our point of querry is ONLY MERCHANT TRADING . We buy from an overseas country and export directly to third country sitting here in India. can you please advice the implication of gst on income generated from such trade. thanks tanmay - Reply By Kishan Barai - The Reply = One can do such kind of transaction by switching B/L ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , no GST would be applicable on such transaction as a bill of entry would not be filed - Reply By saraswathi P - The Reply = Dear Sir, I have same query for the above issues, whether we need to file returns in GSTR 1 for Merchant Trading and importing. Saraswathi - Reply By Kishan Barai - The Reply = When you do switch B/L Transactions then it would not be considered as Import, so no ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Import return has to be filled but Details of Export has to be shown in GSTR1 because you will create premium bill provide it to your client with B/L (switched) along with other documents required by the Importer. - Reply By saraswathi P - The Reply = Can I have your contact# for discuss about merchant Trading as per GST, we required some suggestion particulars transaction wise - Reply By ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... VenkatRao Biradar - The Reply = Dear Sir In GST merchandile trade transaction export what is the section or notification number we have show in invoice and in GSTR1 and GSTR 2 (I.E PURCHASE ) how to show which coloum we have to show please advise us sir Regards Venkat Rao Biradar Mob:9704375426 - Reply By VenkatRao Biradar - The Reply = Dear Sir Not got clearity on merchant t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rade transaction sir request please revert Sir - Reply By Kishan Barai - The Reply = I would like you to few questions 1. Do you provide bill to your Importer on above transaction ?? (Bill under your company name) Or 2. Bill is provided by your Supplier directly to importer you earn commission from it ?? - MERCHANT TRADING - Query Started By: - tanmay hada Dated:- 17-8-2017 Goods and Serv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ices Tax - GST - Got 7 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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