GST on foreign bank charges, Goods and Services Tax - GST

[Kaustubh Karandikar]

In case of supply to customer outside India by XYZ, if invoice value is 100$, the foreign bank is transferring to XYZ,India's bank in India only 98$ after deducting their bank charges of 2$. Is XYZ required to pay GST under reverse charge on the bank charges deducted by the foreign bank?

Posts / Replies

[Ganeshan Kalyani]

Is the bank charges is a cost to you, or the customer bournes it.