TaxTMI 
TaxTMI 
GST Applicability on Exchange gain
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....ST Applicability on Exchange gain<br> Query (Issue) Started By: - Ashiesh Prremji Dated:- 11-5-2020 Last Reply Date:- 21-10-2020 Goods and Services Tax - GST<br>Got 7 Replies<br>GST<br>Dear Sir, Plea....
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....se suggest GST applicability on exchange gain, Rule 34 of CGST talks about rate applicability for valuation purpose ? Thanks with Regards, Reply By KASTURI SETHI: The Reply: Foreign exchange gain o....
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....n what account ? Pl. elaborate your query. Reply By KASTURI SETHI: The Reply: Are you talking of foreign exchange gain due to rate fluctuations, if it is so, GST is not applicable. Reply By Ashie....
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....sh Prremji: The Reply: Yes Sir exactly it was due to rate fluctuation. Thanks for your Reply! Reply By YAGAY andSUN: The Reply: Please also check Rule 32 of CGST Rules 2017. Reply By Ganeshan Kaly....
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....ani: The Reply: GST is not applicable on the gain arisen out of fluctuation in exchange rate. I agree with Sri Kasturi Sir's view. Reply By YAGAY andSUN: The Reply: Agreed, but if such fluctuat....
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....ion is from e.g. providing currency exchange services, then GST is applicable on such transactions. Reply By RAGHAV GARG: The Reply: Why Forex Gain / Loss is exempt..?? Whether any Notification or S....
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....chedule III exemption for Same??<br> Discussion Forum - Knowledge Sharing ....