Enquiry for Used construction machinery Export
We are dealers in used construction machineries doing business in India
But now we have one buyer from Indonesia who is interested in buying out some machines which is owned by a company. we are the intermediate brokers who works on a good margin. we are ready to buy the machines from the company and export it to the foreigner. but as of now we have to pay GST(GST will be charged from our side) when we buy those machines. And when we sell the same to foreigner we again has to pay GST 18%, which we can claim a refund.
Any how i have to pay 18% GST to the Government. But is there any way to export the same without paying GST.
How can i do the business with Transferable LC