Dear Sir,
Our client is working as an agent for a foreign company to sell their products after importing the goods into India . He will be given a Adhoc consideration per month irrespective hours worked and sales made in India.
In continuation to the above he is neither registered with GST nor with Customs. In this regard I have the following doubts as mentioned below
1. Is he required to get registered under above said Acts for importing and selling the goods in India?
2. Should he charge GST on the Adhoc consideration for the Marketing services rendered. If yes, Is it IGST or CGST & SGST?
3. Are there any tax implications on the sales made India since the profit out of sale is not belongs to him.
Dear Chaitanya,
1. In the given situation if the foreign company importing and selling their products in its name, he need not to go under GST provision. If the agent selling by his own and his name he has to take GST.
2. If he is working as a marketing co-coordinator, he is just playing his duty as a employee. Need not to go under GST.
3. Both entity like your foreign company and Indian marking coordinator are different. He has only to pay Income Tax thereon.
Regards,
Naveen Singh
(9716822331)
CAclubindia
