TMI BlogGST Applicability on Exchange gainX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, Please suggest GST applicability on exchange gain, Rule 34 of CGST talks about rate applicability for valuation purpose ? Thanks with Regards, - Reply By KASTURI SETHI - The Repl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y = Foreign exchange gain on what account ? Pl. elaborate your query. - Reply By KASTURI SETHI - The Reply = Are you talking of foreign exchange gain due to rate fluctuations, if it is so, GST is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... not applicable. - Reply By Ashiesh Prremji - The Reply = Yes Sir exactly it was due to rate fluctuation. Thanks for your Reply! - Reply By YAGAY andSUN - The Reply = Please also check Rule 32 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of CGST Rules 2017 . - Reply By Ganeshan Kalyani - The Reply = GST is not applicable on the gain arisen out of fluctuation in exchange rate. I agree with Sri Kasturi Sir's view. - Reply By Y ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... AGAY andSUN - The Reply = Agreed, but if such fluctuation is from e.g. providing currency exchange services, then GST is applicable on such transactions. - Reply By RAGHAV GARG - The Reply = Why Fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rex Gain / Loss is exempt..?? Whether any Notification or Schedule III exemption for Same?? - GST Applicability on Exchange gain - Query Started By: - Ashiesh Prremji Dated:- 11-5-2020 Goods and Ser ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vices Tax - GST - Got 7 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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