Customs MTT trade
1 year ago
Seeking your guidance on 2 points :-
A]] We are engaged in merchandise trade and mostly source our import leg from Germany and conclude export leg with Far East Asean nations. Mostly we have a 40% to 50% margin in totality. Is there any cap on margin? We are fetching a good forex back to India.
B]] To avoid 3 rd party export by buying with GST 0.1%, we are making complete buy from Chennai, Sonepat based Companies with 18% GST, We are exporting on our account. Is it a good decision to opt for 18% GST and export without disclosing 3 rd party export OR 0.1% 3 rd party export being disclosed in shipping bill ?
Kindly advise.
Subhashis Paul
Responded 1 year ago
A.Both the points are legally valid but further more in your case you should concentrate and follow the rules and regulations of proper tax planning so that you can avoid the due taxation.
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A.Dear Client
Both the alternatives are correct legally but you should follow the tax planning and tax avoidance in this scenario.
Hope it helps.
Both the alternatives are correct legally but you should follow the tax planning and tax avoidance in this scenario.
Hope it helps.
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