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Recovery of foreign remittance from merchant exporter, Goods and Services Tax - GST

Issue Id: - 117774
Dated: 23-1-2022
By:- Rajesh Kumar
Recovery of foreign remittance from merchant exporter

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Sor/ madam

When goods exported through merchant exporter, is there any requirements under any provisions that foreign remittance gain to merchant exporter is to be recovered by manufacturer of goods ? Is it mandatory for manufacturer to recover this forex ?

if yes, what will be the procedure to recover that forex? If through debit note, what will be effect on gst and at rate of gst ?

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Posts / Replies

Showing Replies 1 to 3 of 3 Records

1 Dated: 23-1-2022
By:- Shilpi Jain

As far as GST is concerned the exporter i.e. the merchant exporter is required to get the forex and not the person supplying to the exporter.


2 Dated: 24-1-2022
By:- CAHemanth Kumar

Agreed with the view of Shilpi Jain madam.


3 Dated: 4-2-2022
By:- Ganeshan Kalyani

I agree with the views of the expert.


1

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