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Profit sharing arrangements gst
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....rofit sharing arrangements gst<br> Query (Issue) Started By: - Madhavan iyengar Dated:- 29-12-2019 Last Reply Date:- 30-12-2019 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>A Company X in i....
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....ndia exports its products ie goods to its holding company B in Germany at say ₹ 100 and the German company in turn sells them to its customers in Europe at ₹ 100 + margin Now there is a a....
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....rrangement between company X and its holding Company B In germany that of goods are sold above ₹ 100 /- then the excess of ₹ 100 will be shared between X in India and B in germany in ratio....
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.... of 75: 25 is X will get 25% of the excess Now this excess of 25% which X receives as per arrangement will it be non gst supply being a profit sharing arrangement experts please clarify Reply By ....
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....Ganeshan Kalyani: The Reply: In my view, GST is not applicable. This is because the amount is received toward export of goods. Reply By Mahadev R: The Reply: As it is towards export of goods, ther....
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....e should not be any GST impact. Reply By Madhavan iyengar: The Reply: Thanks for the replies In case it is treated as consideration towards sale of goods then it has to be shown as zero rated supp....
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....lies ie exports and disclosed in GST returns But since it is a profit sharing arrangement whether it is a supply at all Reply By Ganeshan Kalyani: The Reply: In my view, it is 'other income'....
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....; and not subject to GST. No need to show in GST return.<br> Discussion Forum - Knowledge Sharing ....