TaxTMI 
TaxTMI 
TaxTMI 
INTERNATIONAL TRADE BROKER
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....NTERNATIONAL TRADE BROKER<br> Query (Issue) Started By: - Siddharth Mundra Dated:- 30-4-2019 Last Reply Date:- 30-4-2019 Goods and Services Tax - GST<br>Got 1 Reply<br>GST<br>Hello Sir/Mam, I am a tr....
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....ade broker, please help me to understand if i have any gst/igst liability. The buyer is based in dubai for the commodity, The seller is based in germany for the commodity. I get commission monthly and....
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.... it's a 12 months contract since I acted as an intermediary in the trade. I will receive money as foreign inward remittance. Do I have to pay IGST on the amount received? Why? neither the buyer, nor t....
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....he seller is from india. How much Igst i have to pay? Reply By KASTURI SETHI: The Reply: No GST is applicable for sale/supply of goods from one non-taxable territory (Germany) to an other non-taxab....
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....le territory (Dubai) . Your case is different. In your case, you are supplying intermediary services from taxable territory (India) to non-taxable territory (Foreign Country). You do not qualify as ex....
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....port of service. Your service is covered under Section 13 (8) (b) of IGST Act. The place of supply is the location of the supplier of service. Hence taxable and IGST is applicable. Rate is 18% of the ....
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....amount of brokerage received. Also see the definition of "Intermediary" under Section 2(13) of IGST Act. Case law/decision of AAR/AAAR can be easily traced out to this effect..<br> Discussio....
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