https://www.taxtmi.com/forum/issue?id=111291 Foreign exchange fluctuation gains realized by exporters on conversion of export proceeds into INR are treated as exchange difference income under accounting standards and are not treated as additional consideration for VAT; such gains are not chargeable to VAT provided the exporter accounts for them per Indian Accounting Standards and produces export realization documents (shipping bills, bills of lading, EBRC) at assessment. en-us Sat, 31 Dec 2016 10:41:48 +0530 Thu, 23 Jan 2025 15:56:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111291 Foreign exchange fluctuation gains realized by exporters on conversion of export proceeds into INR are treated as exchange difference income under accounting standards and are not treated as additional consideration for VAT; such gains are not chargeable to VAT provided the exporter accounts for them per Indian Accounting Standards and produces export realization documents (shipping bills, bills of lading, EBRC) at assessment. Discussion-Forum VAT / Sales Tax Sat, 31 Dec 2016 10:41:48 +0530 https://www.taxtmi.com/forum/issue?id=111291