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  • Category: Banking

    Is “Book My Forex” a trusted Forex partner for selling Forex currency


    Are you looking for information if “Book My Forex” is still a trusted Forex partner for selling Forex currency? Our technical experts are here to provide you with the authentic information.

    Is "Book My Forex" (www.bookmyforex.com) a trusted Forex partner for selling Forex currency via home delivery? Do they offer better rates than firms like UAE Exchange and Weizmann?

    Also, these days Forex dealers deduct a portion of forex selling amount towards GST. How is this GST calculated? Please advice.
  • #12983
    Book My forex is a genuine company, and India's first and largest market place for currency exchange.
    It compares exchange rate quote accross banks in you area and gives you live feed of that rate.

    GST calculation:

    - Upto Rs. 1,00,000: 1% of the Gross amount that subject to minimum Rs. 250.
    - From Rs. 1,00,001 to 10,00,000: Rs. 1,000 Plus 0.5% of the Gross amount exceeding Rs. 1,00,000 and upto 10,00,0000.
    - Above Rs. 10,00,000: Rs. 5,000 Plus 0.10% of the Gross amount exceeding Rs. 10,00,000 subject to Maximum amount of Rs. 60,000.
    For more details about rates GST you can visit central board of excise and custom portal.


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