Mine is a game development co ... Basically we make VR (virtual reality games) . And the sale proceeds are in USD.
So the 1st transaction is sale proceeds received which is in USD...
will this be considered as export sales and gst would be nil?
Now the bank has released the amount and charged gst ....
I think the gst charged by bank is for the service of converting the usd into inr... Correct me if I am wrong ...
The amount credited is 7,845/-( usd 108.32 *Rs. 72.42) and amount debited is 46/- ( cgst :23+ sgst :23)
Please tell me what is the treatement of this transaction in gst return
CAclubindia
