We manufacture goods at Kanpur and sell overseas and receive payemnys via pay pal after conversion in Rupees . During my vat case how will this sale be treated ? Will it attract any Vat liability ? please help me out
According to my knowledge no vat is payable for exprots but some forms etc have to be filled to get exemption ,you should contact a chartered accountant or tax consultant
Thanks for the information. The consignment is considered export if its cleared from customs and you have proper shipping bill and document supporting receipts in foreign exchange . Ine bay we ship the item as samples and dont have any shipping bill etc
