Home Forum Goods and Services Tax - GST Month 12 2018 2018 (12) This
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GST Liability In Case Of Intermediary Services To Foreign Company for which payment received in foreign currency? - Goods and Services Tax - GSTExtract Sir, Mr.A providing Intermediary services to foreign company received an Advance on 02.09.18 for (50% advance) 500$ at ₹ 71/- paid GST on ₹ 35,500/- Now Mr.A completed a provision on 31.10.18 also raised invoice on 31.10.18 for 1000$ (for full value) Rate of $ on 31.10.18 were ₹ 74/-.Now as on 31.10.18,whether Mr.A is liable for GST on ₹ 37,000/-(i.e on 500$ x ₹ 74/-) or on ₹ 38,500 (i.e.on difference between 1000$xRs.74/- Less: ₹ 35,500/-value taken at the time of Advance?
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