https://www.taxtmi.com/forum/issue?id=121044 Unrealised foreign exchange translation gains recognised on year-end restatement under AS-11 or Ind AS 21 are described as notional accounting adjustments, not consideration for a supply. Their disclosure in GSTR-9C serves reconciliation between financial statements and GST returns and does not itself establish taxability. The discussion distinguishes such unrealised gains from realised gains on settlement of an underlying taxable supply, which may affect that supply's value. A response should explain the accounting treatment and demonstrate that the reported amount is a non-supply reconciliation item. en-us Tue, 28 Jul 2026 11:17:52 +0530 Sun, 09 Aug 2026 11:56:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=121044 Unrealised foreign exchange translation gains recognised on year-end restatement under AS-11 or Ind AS 21 are described as notional accounting adjustments, not consideration for a supply. Their disclosure in GSTR-9C serves reconciliation between financial statements and GST returns and does not itself establish taxability. The discussion distinguishes such unrealised gains from realised gains on settlement of an underlying taxable supply, which may affect that supply's value. A response should explain the accounting treatment and demonstrate that the reported amount is a non-supply reconciliation item. Discussion-Forum GST Tue, 28 Jul 2026 11:17:52 +0530 https://www.taxtmi.com/forum/issue?id=121044