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All QuestionsCategory: GST CompliancesGST AUDIT Applicablity
Profile photo of Rakesh TayalCA Rakesh Tayal asked 6 months ago

GST AUDIT Applicablity

In Case of Foreign Exchange Dealers, upon Sale/Purchase of foreign currency taxable value of transaction is calculated as per valuation rules, In Our case the sale value of currency is Rs. 3 crores but corresponding Taxable Value is Rs. 20 lakhs, Which value is required to be mentioned in Table No. 4 in GSTR-9 and would GST Audit be applicable

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2 Answers
Profile photo of CA Venu Gopal GellaCA Venu Gopal Gella answered 6 months ago

only 20 lacs wuld be reported in GSTR 9

Profile photo of CA Venu Gopal GellaCA Venu Gopal Gella answered 6 months ago

only 20 lacs wuld be reported in GSTR 9