Financing, tax rates, and accounting
I have created shopify e-commerce website & i am located in UAE. I have my bank accounts and company registration, everything in UAE
For example- I sell ladies purse on my website, and i sell it to any customer located in any country around the world.
Now as per the dropshipping business model, my product supplier or product manufacturer is in India/Indian company.
I have purchased 10 thousand purses from this indian supplier on X price, i paid him his total price + GST in full. I have further done a contract with him that he will store these products for me in his own warehouse, and ship the products on my behalf to any place where & when required, however I will be paying for the shipping price to the shipping agency by myself.
A customer from France, buys 1 purse from my website. I will make a simple invoice to the france customer for the amount he has paid without any taxes(as no taxes are applicable in UAE) and then I tell my indian supplier to ship it to that buyer in France.
Now similarly, a customer from India buys 1 purse from my website. I tell my indian supplier to ship it to that indian buyer, so what is the GST implication for me as a company based in UAE?
Do i need to get myself registered in India? and if yes, then how can i do that without any physical presence or office in India? Even my supplier is not clear about this theory !
By investing 30 minutes of your time, you can unlock the potential for increased sales,...
By Jacqui Sep 11, 2024We appreciate the diverse ways you participate in and engage with the Shopify Communi...
By JasonH Sep 9, 2024Thanks to everyone who participated in our AMA with 2H Media: Marketing Your Shopify St...
By Jacqui Sep 6, 2024