TMI BlogForeign bank chargesX X X X Extracts X X X X X X X X Extracts X X X X ..... XYZ exporting goods and the 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 fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... reign currency. Is XYZ required 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 th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e location of the supplier of 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 pay ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... able to a foreign bank. - Foreign bank charges - Query Started By: - Kaustubh Karandikar Dated:- 24-8-2021 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.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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