Regarding Liability

This query is : Resolved 

21 February 2022 Dear Expert
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.



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