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

[Rajesh Kumar]

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 ?

Posts / Replies

[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.

[CAHemanth Kumar]

Agreed with the view of Shilpi Jain madam.

[Ganeshan Kalyani]

I agree with the views of the expert.