Gst on forex sale

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 July 2018 Dear Sir / Madam

I have sold forex currency to person residing in other state and not registered under GST

WhetherI have to charge CGST & SGST or IGST

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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23 July 2018 Are you an authorised dealer in foreign currency.

Querist : Anonymous

Querist : Anonymous (Querist)

23 July 2018 YES I HAVE FFMC LICENSE

R. B. Yadav (CMA, LLB)

R. B. Yadav (CMA, LLB) (Expert)
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23 July 2018 Hi,
If address of buyer is available in your record, you have to charge IGST as buyes is belong to other state. But if address is not available, you have to charges CGST and SGST as place of supply will be your location.