Knowledge Base | Vibrant Finserv

Is the GST charged on international transactions?

GST on imports and exports

GST on imports and exports

 GST is not charged on international transactions as they are considered as exports or imports. GST is only applicable on goods and services that are supplied within the country, i.e. domestic transactions.

For exports, the taxes applicable in the country of import are applicable, and for imports, the taxes applicable in the country of export are applicable. However, certain international transactions may be subject to other taxes, such as customs duties or tariffs.

It is advisable to consult with a tax professional or visit the customs department’s website for more information on taxes and duties applicable to international transactions.

To visit https://www.gst.gov.in/

 

For further details access our website: https://vibrantfinserv.com

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