TMI Blogexport taxX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 - Reply By Ganeshan Kalyani - The Reply = 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 with ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... out 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. - Reply By KASTURI SETHI - The Reply = 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 registratio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n. Regarding export procedure, I agree with Sh.Ganeshan Kalyani Ji. - Reply By zakkir hussain - The Reply = 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. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Plz reply for my all points earlier. Thanks a lot for your kind advice. - Reply By KASTURI SETHI - The Reply = 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. - Reply By Ganeshan Kalyani - The Reply = I agree with Sri Kasturi Sir. Dear querist, pleas ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e why you want to bill from India when all the transaction are outside the taxable territory. Eager to learn. - export tax - Query Started By: - zakkir hussain Dated:- 2-11-2017 Income Tax - Got 5 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTM ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... I - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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