GST while receiving inward remittances

[Vihan S]

We are exporting software/services and as per the contract the transfer costs are born by us, thus the total invoice value is always like 100$ - less the banking charges, so my clients transfer the full $100 and than the intermediary bank (the bank in between my client and the bank appointed by my bank in US) charges around $5 and the rest amount is transferred to my bank who than transfers me the amount in Indian currency on request. Am i liable to pay gst under reverse charge on the $5 i have not received?

AI Summary

No GST on Banking Charges Deducted by Intermediary Banks for Inward Remittances on Exported Software/Services. A user inquired about the applicability of Goods and Services Tax (GST) under reverse charge for banking charges deducted during inward remittances for exported software/services. The user explained that clients transfer the full invoice amount, but an intermediary bank deducts a fee before the remaining amount is converted to Indian currency. Two respondents, Ganeshan Kalyani and Alkesh Jani, both opined that the user is not liable to pay GST on the $5 deducted by the intermediary bank.