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TMI BlogINTERNATIONAL TRADE BROKERX X X X Extracts X X X X X X X X Extracts X X X X ..... INTERNATIONAL TRADE BROKER X X X X Extracts X X X X X X X X Extracts X X X X ..... rade broker, please help me to understand if i have any gst/igst liability. The buyer is based in dubai for the commodity, The seller is based in germany for the commodity. I get commission monthly an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d it's a 12 months contract since I acted as an intermediary in the trade. I will receive money as foreign inward remittance. Do I have to pay IGST on the amount received? Why? neither the buyer, nor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the seller is from india. How much Igst i have to pay? Reply By KASTURI SETHI: The Reply: No GST is applicable for sale/supply of goods from one non-taxable territory (Germany) to an other non-taxa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ble territory (Dubai) . Your case is different. In your case, you are supplying intermediary services from taxable territory (India) to non-taxable territory (Foreign Country). You do not qualify as e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xport of service. Your service is covered under Section 13 (8) (b) of IGST Act. The place of supply is the location of the supplier of service. Hence taxable and IGST is applicable. Rate is 18% of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... amount of brokerage received. Also see the definition of "Intermediary" under Section 2(13) of IGST Act. Case law/decision of AAR/AAAR can be easily traced out to this effect.. X X X X Extracts X X X X X X X X Extracts X X X X ..... on Forum - Knowledge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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