TaxTMI 
TaxTMI 
Tax implication
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....ax implication<br> Query (Issue) Started By: - Narayanan Jagadeesan Dated:- 2-3-2020 Last Reply Date:- 2-3-2020 Goods and Services Tax - GST<br>Got 1 Reply<br>GST<br>Dear Team We source and supply go....
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....ods from India (registered as Pvt Ltd company) to our principal registered in USA, who in turn will market / sell goods to various countries , working as their Franchise. The principal buyer US , nee....
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....d invoice to be raised to seller at various countries directly with margin amount to seller end as indicated by principal to various countries and the profit or less will be shared according to % agre....
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....ed between partners in India. How do we raise invoice to buyer at abroad and when payment received how to account at our country India. A sample illustration is given below. Cost at India say, ͅ....
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....7; 50000/= Bill to abroad clients as advised by Principal at USA : ₹ 57,500/=(15% margin) When payment received , the profit is 7,500/= and this will be shared amongst partners in India , as....
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.... per agreement. Kindly enlighten GST and / or VAT tax implications . Request share sample invoice too. Thanks Reply By Atul Rathod: The Reply: Do billing as per the agreement. From GST Perspectiv....
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....e-No difference, just take LUT and don't pay any taxes. Howver, you can also do with payment and go for refund.<br> Discussion Forum - Knowledge Sharing ....