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       #Post#: 224--------------------------------------------------
       Re: Report Forex Gain only or Report Net  Forex Gain
       By: AngelGST Date: August 13, 2017, 9:18 pm
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       Q18. It is compulsory for wholly taxable supplier and mixed
       supplier to declare the total amount of incidental exempt
       supplies (Tax code: IES) in Field 12 of the GST-03 return?
       A18. Yes. As prescribed in this guide, incidental exempt
       supplies or ‘IES’ such as foreign exchange gain, fixed deposit
       interest shall be declare in Field 12:
       Extracted from the GST Software Guide dated March 2017
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       I attended a GST event recently conducted by a Software Company.
       The GST Consultant told the audience that Companies must report
       only Forex Gain in Field 12 and not net realized Forex Gain. Now
       I am very confused. Which is correct? Very susah for me as an
       Accounts Exec. What do  I tell my boss?
       #Post#: 236--------------------------------------------------
       Re: Report Forex Gain only or Report Net  Forex Gain
       By: NSelvam Date: August 13, 2017, 11:44 pm
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       This question was also raised at the recent Vendor Software
       Conference organized by KASTAM
       Answer recd:
       Report only Net Realized Forex Gain
       No need to report Net Realized Forex Loss
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