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GST on foreign bank charges, Goods and Services Tax - GST

Issue Id: - 114970
Dated: 15-5-2019
By:- Kaustubh Karandikar

GST on foreign bank charges


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In case of supply to customer outside India by XYZ, if invoice value is 100$, the foreign bank is transferring to XYZ,India's bank in India only 98$ after deducting their bank charges of 2$. Is XYZ required to pay GST under reverse charge on the bank charges deducted by the foreign bank?

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Page: 1


1 Dated: 16-5-2019
By:- Ganeshan Kalyani

Is the bank charges is a cost to you, or the customer bournes it.


Page: 1

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