ITC Refund on Dropshipping
Hello, I own a small brand in the USA, and most of my products are shipped from within USA (some from china too), my business solely a type of dropshipping model, where product does not enter into India.
But, money does enter into India like -
Customers Pays on Store(USD) -> Paypal(USD) -> Indian Bank account (INR)-> Payment to Supplier (USD)
The rest amount is used for marketing on FACEBOOK & GOOGLE which charges GST.
So the problem is, my input is getting accumulated, and since I am not selling in India, my output is always zero.
The GST is eating up my margin (18% on ads is huge), so my main question is, Is there any way to get this into refund? by explaining to the government?
Since dropshipping = out and out sale, CBDT has mentioned that input tax credit can be claimed, but haven't described claiming a refund on it.
I only found a solution, that is to now incorporate into the different country!
This GST thing is Killing Indian business.
Asked 10 days ago in GST from Jabalpur, Madhya Pradesh
So, incorporating into different country is the only solution?
Asked 10 days ago