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GST Applicability on Exchange gain, Goods and Services Tax - GST |
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GST Applicability on Exchange gain |
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Dear Sir, Please suggest GST applicability on exchange gain, Rule 34 of CGST talks about rate applicability for valuation purpose ? Thanks with Regards, Posts / Replies Showing Replies 1 to 7 of 7 Records Page: 1
Foreign exchange gain on what account ? Pl. elaborate your query.
Are you talking of foreign exchange gain due to rate fluctuations, if it is so, GST is not applicable.
Yes Sir exactly it was due to rate fluctuation. Thanks for your Reply!
Please also check Rule 32 of CGST Rules 2017.
GST is not applicable on the gain arisen out of fluctuation in exchange rate. I agree with Sri Kasturi Sir's view.
Agreed, but if such fluctuation is from e.g. providing currency exchange services, then GST is applicable on such transactions.
Why Forex Gain / Loss is exempt..?? Whether any Notification or Schedule III exemption for Same?? Page: 1 Old Query - New Comments are closed. |
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