Goods and Services Tax – Started By: – tanmay hada – Dated:- 17-8-2017 Last Replied Date:- 20-10-2017 – 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.thankstanmay – Reply By Kishan Barai – The Reply = One can do such kind of transaction by switching B/L, 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.
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