Forex payment made in india and MF

1. No
2. No.
3. As .per section 140 of CGST Act permit to carry forward credit to GST Law , but as to carry forward the same cannot be done now

thank you for letting me know.. point no.3 we took KKC into trans and claimed input credit in gst but auditors say we cannot take KKC input credit and asking us to pay now the amount we took along with interest.

Yes your auditor is correct .

The FAQs issued by Central
Board of Excise and Customs
clarified that ITC of Swachh
Bharat Cess (SBC) and KKC
could not be carried forward
under the GST regime.

Accordingly, the AAR held that
the term 'CENVAT Credit' under
section 140(1) of the Central GST
Act would not include the credit
of KKC, and therefore, credit of
KKC was not admissible under

okay, thanks you

good and best information

there is another query related to gst sir, notice period recovery attracts gst liability ?

As per Para 5(e) of Schedule II : Notice pay recovery is Taxable , it's "to tolerate an act or a situation"

Note GST levy when Notice pay recovery made by an employer from employee