GST Applicability on Exchange gain

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..... GST Applicability on Exchange gain
Query (Issue) Started By: - Ashiesh Prremji Dated:- 11-5-2020 Last Reply Date:- 21-10-2020 Goods and Services Tax - GST
Got 7 Replies
GST
Dear Sir, Ple .....

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..... ase 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 Reply: Foreign exchange gain .....

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..... 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 not applicable. Reply By Ashi .....

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..... esh 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 of CGST Rules 2017. Reply By Ganeshan Kal .....

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..... yani: 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 YAGAY andSUN: The Reply: Agreed, but if such fluctua .....

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..... tion is from e.g. providing currency exchange services, then GST is applicable on such transactions. Reply By RAGHAV GARG: The Reply: Why Forex Gain / Loss is exempt..?? Whether any Notification or .....

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..... Schedule III exemption for Same??
Discussion Forum - Knowledge Sharing .....

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