Gst on foreign bank charges

15 May 2019
In case of supply to customer outside India by XYZ, if invoice value is 100$, the foreign bank is transferring to XYZ,India's bank in India only 98$ after deducting their bank charges of 2$. Is XYZ required to pay GST under reverse charge on the bank charges deducted by the foreign bank?


Click to Talk 16 May 2019
Yes, reverse charge applicable on this bank charge.

You need to be the querist or approved CAclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

CA Learning
Online GST Class    |    x