No GST on inter se sale or purchase of foreign currency amongst banks or authorised dealers

 

Services by way of inter se sale or purchase of foreign currency amongst banks or authorised dealers attracts no GST

Any GST concession on Services by way of inter se sale or purchase of foreign currency amongst banks or authorised dealers of foreign exchange or amongst banks and such dealers? Is GST payable on Services by way of inter se sale or purchase of foreign currency amongst banks or authorised dealers of foreign exchange or amongst banks and such dealers? GST on Services by way of inter se sale or purchase of foreign currency amongst banks or authorised dealers of foreign exchange or amongst banks and such dealers is nil rate?

 


As per GST Law 2017, there is no GST payable on Services by way of inter se sale or purchase of foreign currency amongst banks or authorised dealers of foreign exchange or amongst banks and such dealers.  

So the rate of GST payable on Services by way of inter se sale or purchase of foreign currency amongst banks or authorised dealers of foreign exchange or amongst banks and such dealers is nil rate.

 

 

This information is about GST on Services by way of inter se sale or purchase of foreign currency amongst banks or authorised dealers of foreign exchange or amongst banks and such dealers.  Would you like to add more information about GST rate tariff on Services by way of inter se sale or purchase of foreign currency amongst banks or authorised dealers of foreign exchange or amongst banks and such dealers?  Share below your comments about Goods and Service Tax levied on Services by way of inter se sale or purchase of foreign currency amongst banks or authorised dealers of foreign exchange or amongst banks and such dealers.

 

 

The above details about GST rate tariff on Services by way of inter se sale or purchase of foreign currency amongst banks or authorised dealers of foreign exchange or amongst banks and such dealers is only for information.

The validity of above information and amendments about GST rate on Services by way of inter se sale or purchase of foreign currency amongst banks or authorised dealers of foreign exchange or amongst banks and such dealers may be verified before any business dealing.

 

 

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Comments


sarita: I am working with a company who is in imports. I want to know the meaning of Inter se sale under imports. Will i be charged GST in case of remittances made to Foreign Suppliers.

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