Foreign bank charges

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..... Foreign bank charges
Query (Issue) Started By: - Kaustubh Karandikar Dated:- 24-8-2021 Last Reply Date:- 25-8-2021 Goods and Services Tax - GST
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GST
XYZ exporting goods and the .....

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..... amount paid by the foreign customer is through a foreign bank. The foreign bank while transferring the amount to Indian Bank of XYZ, is deducting certain bank charges in foreign currency. Is XYZ requ .....

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..... ired to pay GST on it under RCM. In my view this being a services supplied by banking company, will fall under Section 13(8)(1) and as per that since place of supply is the location of the supplier of .....

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..... service which in this case is outside India, no RCM is payable. Kindly confirm. Reply By Rajagopalan Ranganathan: The Reply: Sir, No gst is payable on charges payable to a foreign bank.
Discus .....

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..... sion Forum - Knowledge Sharing .....

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