sale purchase FOREX
CA Shikha Sharma (Ceo) (3869 Points)
07 April 2019
why exemption provided for sale or purchase of foreign currency amongst banks,dealers of foreign exchange???
6 Replies
CA Shikha Sharma
(Ceo)
(3869 Points)
Replied 07 April 2019
Rahul Rastogi read the question first I'm asking whyyyyy
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 07 April 2019
Its Taxable kindly Refer Rule 32 of CGST Act
CA Shikha Sharma
(Ceo)
(3869 Points)
Replied 07 April 2019
sir Pankaj it's exempt amongst banks it authorised dealers of forex but directors service to individual is taxed
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 08 April 2019
Yes correct !!! its Exempted .....
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