Foreign bank charges

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....oreign bank charges<br> Query (Issue) Started By: - Kaustubh Karandikar Dated:- 24-8-2021 Last Reply Date:- 25-8-2021 Goods and Services Tax - GST<br>Got 1 Reply<br>GST<br>XYZ exporting goods and the ....

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....amount paid by the foreign customer is through a foreign bank. The foreign bank while transferring the amount to Indian Bank of XYZ, is deducting certain bank charges in foreign currency. Is XYZ requi....

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....red to pay GST on it under RCM. In my view this being a services supplied by banking company, will fall under Section 13(8)(1) and as per that since place of supply is the location of the supplier of ....

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....service which in this case is outside India, no RCM is payable. Kindly confirm. Reply By Rajagopalan Ranganathan: The Reply: Sir, No gst is payable on charges payable to a foreign bank.<br> Discuss....

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