Goods purchased, sold overseas liable to GST in India: AAR

The ruling by the Gujarat-Bench of the AAR states that GST will be levied on Merchant Trade Transactions A domestic company buying goods from abroad and selling to another country will have to pay  GST  on such transactions even if the said products are not entering the Indian territory, the Authority for advance ruling (AAR) has said. On an application filed by Sterlite Technologies, th…