Yearly archives: 2018


GST on Merchant Export Transactions 1

Merchant Export trade transactions include sale transaction by a supplier to the exporter of goods. Such exporter of goods is known as “Merchant Exporter”. As per Foreign Trade Policy, “Merchant Exporter” means a person engaged in trading activity and exporting or intending to export goods. Merchant exporter procures the material from […]


GST on gifts and perquisites to employees

As per Section 7 of CGST Act 2017, supply includes the activities specified in Schedule I, made or agreed to be made without a consideration. Schedule-I provides a list of activities which are treated as supply even if made without consideration. Point No. 2 of this schedule is reproduced below :- “Supply […]