Import of service, invoice ereceived from foreign party for 2000 usd .
Invoice date is 01.11.22
Accounting made on 06.01.23
as 2000 USD *80 INR rate =160000
Actual payment made on 10.03.23
as 2000 USD *85 INR rate =170000
GST charged on 160000 @ 18% =28800. Delay in accounting 66 days from invoice date (point of taxation )
Credit to party 160000 , but actual payment made 170000.
10000 foreign exchange loss.
My question are as under
whether gst rcm is to be consider on 160000 or 170000 ( is gst applicable on foreign exchange loss ,when payment made after 60 days )
If gst charged after 60 days and also paid after 60 daya , then interest ,penalty applicable.If yes what is rate of %.
please guide