If I manufacture PC Case in India and then export and sell them in US while living in India. Where will I be Paying TAX in US or in India.
Where Will I be Paying TAX
King Dranzer
Understanding Tax Obligations for Exporting PC Cases from India to the US: Key Points on IGST and Income Tax A user inquired about tax obligations for manufacturing PC cases in India and exporting them to the US. Responses clarified that exports are not subject to tax in India, but the purchase of raw materials would incur IGST, refundable upon filing returns with a GST code. The US importer would pay import duties. For income tax, since the income accrues in India, the user must file income tax returns in India. Overall, the focus is on complying with Indian tax regulations for both indirect and direct taxes. (AI Summary)