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Income on dollar exchange diff., Goods and Services Tax - GST

Issue Id: - 115979
Dated: 5-2-2020
By:- mukesh gupta
Income on dollar exchange diff.

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Dear sir,

I m importer of iron & steel . In case of buyers credit there of diff.in exchange rate . So if it exist is there any GST under RCM is applicable on income of such dollar exchange.

Thanks & regards

Mukesh

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Posts / Replies

Showing Replies 1 to 2 of 2 Records

1 Dated: 5-2-2020
By:- Ganeshan Kalyani

In my view, there is no GST on foreign exchange gain.


2 Dated: 6-2-2020
By:- KASTURI SETHI

Will you please elaborate your query ?


1

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