INR 5,500 + 0.1% of the gross amount of currency exchanged, subject to a maximum of INR 60,000/-, which caps GST payable at INR 10,800/. INR 1000 + 0.5% of the gross amount of currency exchanged
Greater than INR 1,00,000 and less than or equal to INR 10,00,000 Gross AMOUNT OF CURRENCY EXCHANGEDġ% of the gross amount of currency exchanged, subject to minimum of INR 250/- i.e. However, such transactions amongst banks or authorised dealers or between banks and such dealers are exempt and are not liable to GST. Value of service for the purpose of the levy of GST in case of purchase/sale of foreign currency is determined as per the table below on which GST is applicable. All foreign currency conversion transactions are subject to GST with effect from 01 July 2017.
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