Well, I wanted to sell one of my site. I have got one customer and is ready to pay. But I dont know what I have to do other then accepting payment and transferring site. If you are Indian and have experience in selling site, please answer for few question. Do I need to generate Invoice. If Yes, do I need to mention Import-Export CODE (IEC) on the invoice. Does we get benefit of D.E.P.B. If yes, what are process. Is selling website, called selling asset or selling product. ? Is income, regular income or capital gain. If it is capital gain, then anyway to get exempted by investing. Any requirement of Service Tax or Sales Tax (VAT) ? I know questions are more but it will help many users searching for such questions.
My experiences in dealing with Eastern countries has been touch and go and try and stay away if possible. However in the case this is legitimate I will try and answer some questions based on putting myself as the potential buyer. Answer: It depends on the buyer, its always good for records to include an invoice for the transaction, add a 'notes' area to the bottom of it and include as much information as possible. If you generate an invoice for the customer ensure you have a billing address for them included on it to ensure its a real invoice, the billing address is usually their home address. If you have an invoice generated and the correct amount is paid by the buyer then you shouldn't have any issues if you get a query from PayPal, but if unsure then contact paypal or the transaction company you will be using. Answer: Include as much relevant information as possible but keep it clear and to the point. Answer: I don't know what DEPB is, I'm from the UK so it may not be applicable here. Answer: If it belongs to the company of your own and it is down on paperwork as adding to the companies value then it is an asset. If it is anything else I would class it as a product. Answer: Totally unsure, it would depend on your countries regulations. However if this does not involve a company from your side (i.e you are not a company but an individual) and if it is a private transaction for goods, especially if it is an internet payment then because there is no regulator of the internet you are free to send and receive payments as normal. Answer: Once again this would depend how formal the sale is, if it is over the internet then there are no internet regulators however if this involved a bank account in a different country then you may need to pay some kind of Tax on the money you receive but it depends if you have a tax office in your country and if it goes through bank to bank or it goes bank to internet payment gateway to internet account to bank account. I hope this answers some of your questions but you still need more answering. Disclaimer: I am in no sense a legal expert, everything I have typed is from my own experiences/opinions/knowledge and seeking legal advice is always recommended before an important stage in sales. I am no legal expert and take no responsibility for potential gains/ losses or mistakes. Your actions are your own. I hope this helped. Cheers, Andy
I heard the best way is to deliver files on a zip and use a courier to verify the buyer got it. This way you have something to protect yourself in case of a dispute. Transfer files after they recive the mail through courrier. Understand?
Well, this is deal through ESCROW system. I dont mean to protect myself but what I need to do legally to ensure its legal transaction.
You need to ask a person with a legal background in law, specifically IP/Internet Law. They should be able to advise you properly. Regards Andy