Merchant trading through Ebay marketplace.
Query (Issue) Started By: – Bipul Goyal Dated:- 27-9-2017 Last Reply Date:- 9-5-2018 Goods and Services Tax – GST
Got 19 Replies
GST
Sir , we are selling ritual items on ebay internationally. We do not import or export directly. After receiving order we are directly asking our Nepal supplier to send item to client at USA. And money comes to my account in India through PayPal.
\nOrder comes in small scale. So Nepal supplier makes a small parcel and sends to my client through post office.
\nSo what should I do after GST ?
\nReply By KASTURI SETHI:
\nThe Reply:
\nIn this situation three stages are involved.
\n1. You place the purchase order on Nepal supplier. This is export of service from taxable territory.
\n2. Nepal dealer supplies the goods to a person in USA. This activity is from non-taxable territory to non-taxable territory. Hence no question of GST.
\n3. Now you receive the amount of profit or commission in the form of foreign exc<\/p>\n
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\nIt's a small scale shipment.
\nI get orders in Ebay from Usa. Each order is in between 10 usd to 40 usd.
\nAfter that I ask my Nepal supplier to pack that item and send it through post office ( registered mail from Nepal )
\nAll the payments I receive in India through PayPal.
\nPayPal convert that money into Indian currency and transfer it to my bank account.
\nReply By Chhatra Jain:
\nThe Reply:
\nI endorse the views of Shri Kasturiji who explained the matter in a lucid manner.
\nReply By KASTURI SETHI:
\nThe Reply:
\nThank you Jain Sahib.
\nReply By KASTURI SETHI:
\nThe Reply:
\nDear Querist, You can show this transaction value against the column "Exempt. Etc." in GDTR returns.
\nReply By Bipul Goyal:
\nThe Reply:
\nNamaste sir.
\nAccording to new rule for small exporters where letter of undertaking needed to be furnished instead of bond how to show it in merchant trading while filling GST return ?
\nReply By KASTURI SETHI:
\nThe Re<\/p>\n
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\nDear Goyal Ji,
\n It appears to me you are not trusting in experts because it is a free lunch. People consider only those doctors reliable and best who charge heavy fee. This is the way of the world.
\nReply By Bipul Goyal:
\nThe Reply:
\nNanaste sir
\nthats not true sir. I trust. All the advices are very important for me. You helped me a lot sir. 🙏🙏🙏
\njust I need to come to final conclusion. Because I talked to many CA. nobody is 100 percent clear what to do. So I loosing my business
\nReply By YAGAY AND SUN:
\nThe Reply:
\nFIEO & PayPal sign MoU to empower small & medium businesses to sell across the globe in a seamless and safe manner
\nhttps:\/\/www.fieo.org\/view_Press_Releases_detail.php?lang=0&id=0,21&dcd=4723&did=152292603538essvm5bfq8ocs8qr54rd5en1
\nReply By YAGAY and SUN:
\nThe Reply:
\nWe do understand that this transaction is looking like merchant trading out side the India and on such transactions no GST is applicable.
Discussion Forum – Knowledge Sharin<\/p>\n
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