I have a question regarding the tax liability of foreign exchange payments received in India. We have a client based in the United States who sends converted Indian rupees directly to my bank account. However, the mechanism used by their bank, Bank of America, allows customers to choose whether to send foreign currency (INR) or USD. If the client selects foreign currency, the bank pre-converts the amount before the transfer. If client does not select respective foreign currency, they send the payment in USD, following the usual transaction route.

Specifically, I would like to know if the payment received by me, as an Indian exporter, would be taxable under the Goods and Services Tax (GST) scheme.

I greatly appreciate your expertise and insights in this matter. Thank you in advance for your assistance.

Here our scenario of Tax payable & Tax receivable, Tax Payable is IGST 100000, CGST 50000, SGST 50000 & Tax receivable is IGST 50000, CGST 100000, SGST 100000. This scenario is since from 2017 to till date. Due to priority of ITC Utilisation in GST we have always plus balance in SGST (In crore). Now department is asking interest in IGST & CGST excess claimed in 2018-19 through ASMT-10/DRC-01. We are in argument that we have excess balance in our ECL i.e. Accumulated in SGST because sequence of utilisation of ITC, but officer is not agreed upon our argument, as per him head to head balance should be check while computation of Interest. Kindly suggest what to do???

We are required by a gst registered party to sale goods to them as unregistered by eway bill. Can we sale without any issues from gst and income tax department?

Hello All.
Pl let me know
I have a property which is on leaseout. I know that I have to deposit GST every month. Can I claim input of material purchase for other property which is under construction.
If yes I can adjust it in payment.
Pl advise.
Regards.
Sanjay

What should be the Gross Turnover to be declared U/S.44AD, Only Taxable Value or With Output ?

I have received credit note from supplier for rate difference. Now how will i reverse input tax credit in form gstr 3BQ.in gstr3b there is table 4.under table 4 is B Itc reversed. Then there is (1) and (2) others. In which head I need to show. Please clarify?

Sir, Please Kindly help for GST registration for minor as proprietor. and what are required document for registration and process is normal or special.

Sir,
Please Kindly help for GST registration for minor as proprietor. and what are required document for registration and process is normal or special.

We are 5-10Cr ATO firm. can we supply goods without e-invoice but with E-wayBill?? Can we upload e-invoice later after 2/3 days of supply?.
Or like e-waybill, physical bill must attached e-way and e-invoice both.
pls claryfy

Dear Sir,
We are buying Firewood for Boiler/ HAG (Hot Air Generator to dry our RM) from Un-Registered persons. Shall we pay GST on RCM, then confirm the % of GST