TMI BlogForiegn currency Exchange earnings- Vat Applicable or NotX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir One of the direct exporters have received the excess amount from the foreign currency conversion to INR and exporter have shown this as exchange difference income in their books ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and also 13 13 A Statement. Excess amount they have received due to foreign currency exchange rate difference(USD to INR) .is this applicable VAT ? is there any case law regarding this - Reply By ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Ganeshan Kalyani - The Reply = In my view vat is not applicable on exchange rate fluctuation gain /loss. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = VAT is not applicable. - Reply By YAGAY A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ND SUN - The Reply = There is no tax on Export except few scenario. Gain/loss due Foreign Exchange fluctuations needs to be accounted for according to Indian Accounting Standards. No VAT is chargea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ble provided you submit Copies of the S/Bs, B/L, EBRC to the VAT Authorities at the time of assessment. - Foriegn currency Exchange earnings- Vat Applicable or Not - Query Started By: - Binu Karuthe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dath Dated:- 31-12-2016 Value Added Tax - VAT-CST - Got 3 Replies - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxman ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... agementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
