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Soft Commodities Trader
Due to increased sales, a soft commodity trader required a receivables purchase facility for one of their large customers - purchased from Africa and sold to the US.
Metals Trader
Purchasing commodities from Africa, the US, and Europe and selling to Europe, a metals trader required a receivables finance facility for a book of their receivables/customers.
Energy Trading Group
An energy group, selling mainly into Europe, desired a receivables purchase facility to discount names, where they had increased sales and concentration.
Clothing company
Rather than waiting 90 days until payment was made, the company wanted to pay suppliers on the day that the title to goods transferred to them, meaning it could expand its range of suppliers and receive supplier discounts.
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What is GST?
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What is GST, and What is a GST Bill Of Entry?
This post tries to answer the following in the most straightforward way possible.
- What is GST?
- What is a GST Bill of Entry
If you’d like to understand the importance of these tax issues, read on.
What is GST?
The GST (Goods and Service Tax) is a form of indirect taxation that was put into action to replace many other indirect taxes in India.
In Other Words…
You can simply define GST as one indirect tax for the whole country.
When we speak of a GST regime, we mean that the tax will be entirely levied at every point of sale without any omission whatsoever. For instance, in the case of intra-state sales, we have Central GST as well as State GST charges at every stage of all transactions. In the other cases of inter-state sales, Integrated GST will be charged.
GST and GST Bill of Entry Examples & Case Study
GST Bills of Entry were required in order to initiate customs clearance facilities for a metals trader based out of Delhi.
Case Study
Metal Distributor
TFG put us in touch with GST and Tax specialists based locally so that we could continue trading and shipping metals overseas and domestically in India.
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