Gst on forex purchase

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Querist : Anonymous

Querist : Anonymous (Querist)

08 July 2017 Sir

Pls provide me the GST rate on Purchase of Foreign Currency from Registerd dealer ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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08 July 2017 18% GST applicable on service charge collected.

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Querist : Anonymous

Querist : Anonymous (Querist)

08 July 2017 Dear Sir

I have purchased AED 2500 from a registered dealer worth Rs 49980 @ they charged Rs 90 as GST 9 ie 0.18 % of 49980. When i contact the agency the send me a statement regarding the rates ie for upto one lakh - GST Rate is 0.18 % of the gross amount of currency subject to minimum amount of 45 .is there any notification regarding this. Pls Guide

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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08 July 2017 They have considered a service charge of 1% which is 499.80. 18% GST on it seems to be reasonable. I am yet to see any notification on this.

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