https://www.taxtmi.com/forum/issue?id=121044 Foreign exchange translation gains recognised on year-end restatement under AS-11/Ind AS 21 are notional accounting adjustments and, without an independent transaction or consideration, do not establish a taxable supply. Their disclosure in GSTR-9C is for reconciliation of financial statements with GST returns and does not determine taxability. Realised exchange gains on settlement of an underlying taxable supply are distinct from unrealised year-end translation gains, which are characterised as reconciliation entries not arising from a supply. en-us Tue, 28 Jul 2026 11:17:52 +0530 Wed, 29 Jul 2026 17:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=121044 Foreign exchange translation gains recognised on year-end restatement under AS-11/Ind AS 21 are notional accounting adjustments and, without an independent transaction or consideration, do not establish a taxable supply. Their disclosure in GSTR-9C is for reconciliation of financial statements with GST returns and does not determine taxability. Realised exchange gains on settlement of an underlying taxable supply are distinct from unrealised year-end translation gains, which are characterised as reconciliation entries not arising from a supply. Discussion-Forum GST Tue, 28 Jul 2026 11:17:52 +0530 https://www.taxtmi.com/forum/issue?id=121044