Demand on foreign income
Saswata Chatterjee (Student) (47 Points)
24 July 2021Need some guidance urgently.
Saswata Chatterjee (Student) (47 Points)
24 July 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 24 July 2021
Saswata Chatterjee
(Student)
(47 Points)
Replied 24 July 2021
Rajendra Prasad
(Employee Private)
(1824 Points)
Replied 24 July 2021
Saswata Chatterjee
(Student)
(47 Points)
Replied 24 July 2021
Rajendra Prasad
(Employee Private)
(1824 Points)
Replied 24 July 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 25 July 2021
Saswata Chatterjee
(Student)
(47 Points)
Replied 25 July 2021
Rajendra Prasad
(Employee Private)
(1824 Points)
Replied 25 July 2021
Saswata Chatterjee
(Student)
(47 Points)
Replied 25 July 2021
Rajendra Prasad
(Employee Private)
(1824 Points)
Replied 25 July 2021
Saswata Chatterjee
(Student)
(47 Points)
Replied 25 July 2021
CA Altamush Zafar
(GST Consultant)
(15907 Points)
Replied 25 July 2021
When you are exporting services you raise a export invoice.
The invoice has to be raised in INR for GST filing purposes. If you have taken correct exchange rate while generating invoice and have filed the same then there is no tax on exchange gain.
Even if you have taken wrong exchange rate then also there is no GST on exchange gain but due to the fact hat services are intangible the department is always apprehensive when have you actually provided services. They mostly link it with payment.
So one has to be careful with that. always generate proper invoice and file them.
And if you have LUT then there is no GST whatsoever.