TaxTMI 
TaxTMI 
TaxTMI 
A is a seller & B is a purchaser. Both are located in India. Now B places order to A for certain material. The shipment will be done from OEM in South Korea to America (as per instructions and address given by B). Now A will raise the invoice to B. I would like to know the tax implication on the above.
Would like to understand the Tax implication on the transaction
Anil kumar
Indian Buyer-Seller Transaction with Direct Shipment from South Korea to America: No GST Under Schedule III, CGST Act 2017. A discussion on a forum addresses the tax implications of a transaction where an Indian buyer orders goods from an Indian seller, with the shipment sent directly from South Korea to America. Multiple participants debate whether GST applies. Some argue GST is not applicable as the transaction is covered under Schedule III of the CGST Act, 2017, which excludes certain transactions from being defined as 'supply'. Others discuss the role of intermediaries and clarify that since the goods do not enter Indian territory, GST does not apply. The consensus leans towards no GST liability for such transactions. (AI Summary)