Tag Archives: #CustomsDuties

Is the GST charged on international transactions?

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… Read More »

What is the process for charging GST on an international purchase invoice raised for a local supplier?

Process for charging GST Process for charging GST, If a local supplier in India purchases goods or services from an international supplier, the local supplier would be require to pay the Integrated Goods and Services Tax (IGST) on the import of goods or services, and the local supplier can claim the credit of such IGST… Read More »

Iconic One Theme | Powered by Wordpress