TaxTMI 
TaxTMI 
Sir foreign exchange gain or loss not taxable under CGST ACTRULES 34
It means it is not a part of sales why it will be added or deducted in GSTR 9C
GSTR 9C UNDER GST ACT
13 Dec 2019 
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Foreign exchange fluctuations reporting: declare turnover differences between annual GST return and audited financial statements.
Table 5N of GSTR 9C requires reporting any difference between turnover in the annual GST return and turnover in the audited financial statements that is attributable to foreign exchange fluctuations, rather than the standalone forex gain or loss. The discrepancy arises because accounting for forex uses accounting principles for foreign currency transactions while GST valuation applies prescribed exchange rate rules, producing possible variances that must be disclosed as turnover adjustments in the reconciliation. (AI Summary)
Table 5N of GSTR 9C requires reporting any difference between turnover in the annual GST return and turnover in the audited financial statements that is attributable to foreign exchange fluctuations, rather than the standalone forex gain or loss. The discrepancy arises because accounting for forex uses accounting principles for foreign currency transactions while GST valuation applies prescribed exchange rate rules, producing possible variances that must be disclosed as turnover adjustments in the reconciliation. (AI Summary)