Tax free trading

718 views 4 replies

I have seen that Ladies Bindi. hair clips and books are Tax Free products.

I want to know does that mean neither the trader nor end customer need to pay taxes on it.

How much tax we have to pay if we 100% deal in such products and pay courior charges for sending these items and users online opayment facility.

Pl suggest

Replies (4)

The Topic which you are talking about needs a whole set of detailed discussion keeping in mind the different statutes n laws.

Moreover more details are required so as to comment any advise on this topic. 

 

 

Hi Hitesh, Thank you for your reply. What sort of details you want. 

Online transaction charges about 4-7% depending on Credit or Debit card and courior charges may be range from 50 or 100 per courior. If anything else is required, pl let me know.

VAT Law differs from One State to another. What may be non- Taxable may be Taxable in Other States. 1. I want to know Exactly the Name of the Products in which you are planning to Trade. 2. Form of Organisation who are willing to form- Company / Partnership/ Prop. 3. State/ City where the registered office of the company will be situated. 4. Are you a first/ 2nd /3rd Stage Dealer ? 5. Your Business Ideas and Plans In brief.

I want to sell online my website and on flipkart, amazon, snapdeal etc which charge a commission on these products. I will send it through Courior. I want to do it from Delhi to all over India. I will register as Sole Proprietorship and will trade online. I am not clear about level of trader. I want to deal in tax free items like books, Plant / Flower seeds, Ladies Bindi and hair Clips.


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