https://www.taxtmi.com/forum/issue?id=120989 GST liability is discussed where a coaching centre collects exam-related fees from students in INR and pays foreign bodies in foreign currency, creating exchange-rate gains or losses. The main question is whether the surplus retained from forex fluctuation can remain outside GST as a reimbursement or whether it becomes part of taxable supply. The discussion focuses on the pure agent conditions under Rule 33 and notes that retention of forex gains weakens that claim because the amount recovered exceeds the actual cost incurred. en-us Wed, 01 Jul 2026 11:24:47 +0530 Thu, 02 Jul 2026 19:34:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120989 GST liability is discussed where a coaching centre collects exam-related fees from students in INR and pays foreign bodies in foreign currency, creating exchange-rate gains or losses. The main question is whether the surplus retained from forex fluctuation can remain outside GST as a reimbursement or whether it becomes part of taxable supply. The discussion focuses on the pure agent conditions under Rule 33 and notes that retention of forex gains weakens that claim because the amount recovered exceeds the actual cost incurred. Discussion-Forum GST Wed, 01 Jul 2026 11:24:47 +0530 https://www.taxtmi.com/forum/issue?id=120989