Regarding Liability
This query is : Resolved
21 February 2022
Dear Expert
Any GST liability if income is "CURRENCY EXCHANGE RATE DIFFERENCE" ?
Please help.
Any GST liability if income is "CURRENCY EXCHANGE RATE DIFFERENCE" ?
Please help.
21 February 2022
There's no GST liability if income arises due to forex fluctuations.
But you should disclose the amount in GSTR-9C as a reconciliation. Space provided in GSTR-9C to enter such amount as *adjustments in turnover due to foreign exchange fluctuations*
Refer GSTR-9C for further details.
But you should disclose the amount in GSTR-9C as a reconciliation. Space provided in GSTR-9C to enter such amount as *adjustments in turnover due to foreign exchange fluctuations*
Refer GSTR-9C for further details.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Traces Portal
- U/s.234E late fee- balated filing the TDS returns
- Capital Gain Incidents
- Rectification of TDS return - Sale of property
- Applicability of corporate governance provisions as per the SEBI LODR
- Cheque bounce intimation letter
- Transfer of shares from joint holders Demat to individual Demat accounts
- REVERSAL PROPORTIONATE ITC
- RCM AND NORMAL TAX INVOICE
- Query for LTCG
- Minor Aadhar card cancelled
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
