Regarding Liability
This query is : Resolved
21 February 2022
Dear Expert
Any GST liability if income is "CURRENCY EXCHANGE RATE DIFFERENCE" ?
Please help.
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.
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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