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TMI BlogINTERNATIONAL TRADE BROKERX X X X Extracts X X X X X X X X Extracts X X X X ..... Hello Sir/Mam, I am a trade broker, please help me to understand if i have any gst/igst liability. The buyer is based in dubai for the commodity, The seller is based in germany for the commodity. I get commission monthly and it s a 12 months contract since I acted as an intermediary in the trade. I will receive money as foreign inward remittance. Do I have to pay IGST on the amount received? Why? ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... neither the buyer, nor the seller is from india. How much Igst i have to pay? - Reply By KASTURI SETHI - The Reply = No GST is applicable for sale/supply of goods from one non-taxable territory (Germany) to an other non-taxable territory (Dubai) . Your case is different. In your case, you are supplying intermediary services from taxable territory (India) to non-taxable territory (Foreign C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ountry). You do not qualify as export of service. Your service is covered under Section 13 (8) (b) of IGST Act . The place of supply is the location of the supplier of service. Hence taxable and IGST is applicable. Rate is 18% of the amount of brokerage received. Also see the definition of Intermediary under Section 2(13) of IGST Act . Case law/decision of AAR/AAAR can be easily traced ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... out to this effect. . - INTERNATIONAL TRADE BROKER - Query Started By: - Siddharth Mundra Dated:- 30-4-2019 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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