TCS/TDS on foreign remmitence
This query is : Resolved
satish kumar Chauhan
(Querist)
16 October 2023
Dear experts
1. My friends is running the ILETS coaching institute and visa consultancy etc. Can he make the fee in foreign currency on behalf of students after receiving the same from students on his PAN for TCS purpose and claim in his ITR.
2. He receives the examination fee from students and the same amount deposit the examination Authority. In few case he receive the commission. In that case any GST payable on this commission , as he is registered under GST ACT.
Thanks
1. My friends is running the ILETS coaching institute and visa consultancy etc. Can he make the fee in foreign currency on behalf of students after receiving the same from students on his PAN for TCS purpose and claim in his ITR.
2. He receives the examination fee from students and the same amount deposit the examination Authority. In few case he receive the commission. In that case any GST payable on this commission , as he is registered under GST ACT.
Thanks
CA R SEETHARAMAN
(Expert)
16 October 2023
1 No only Indian currency.
2 GST payable on commission.
2 GST payable on commission.
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