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@resjudicata You can give them your GSTIN when creating the bank account and this is reconciled on the GST portal because they will quote your GSTIN when filing their returns.

@healmyheart It has been very easy. I opened the account with a small branch so the manager is very happy to have a good account is very helpful with everything. The net banking doesn't have the best UI, but what it has is enough for regular use.

@lucianne I am in a similar position and am using IOB. Their conversion rates are great (only Rs. 0.3 below the current market rate) and the charges are 150+GST and some GST on the actual currency conversion (that you can claim as an input credit and use it if you later have a situation where...

@coillteglas Yes, but once you bring it to their attention that this is incorrect, they just shrug it off.

@amcm93 AFAIK, no need then. Consult a CA to be sure.

@amcm93 If the GST officer flags your account and asks for proof, an FIRC is the only valid document to prove that funds arrived in a foreign currency which is required to claim 0% GST after filing LUT. In cases where you can’t prove this, all your earnings will attract 18% GST plus interest.

@coillteglas Both of them issued a letter certifying that no currency conversion took place and they they sent the INR to my account from TW's account with them. They said that this was all they could give me and not an FIRC.

@healmyheart No one. ICICI cannot provide because it received the funds in INR. TW cannot provide because it is not a bank. They suggest discussing directly with their partner bank (HDFC/YES) depending on which bank you received the INR from, but I have gone to and fro with both of them for 1...

@robertven TW doesn't help with FIRC and their partner banks don't provide it. So it is a no-go if you are paying 0 IGST under LUT.