Customs duty
This query is : Resolved
05 April 2018
sir what is the entry for customs duty under gst . can i claim igst in customs duty payment and what is the entry
Guest
Guest
(Expert)
05 April 2018
Entry for Customs duty:
Customs duty expense Dr.
To Bank
Yes, you can claim IGST credit on further sale of goods.
Entry is:
IGST credit Dr.
To Bank
Customs duty expense Dr.
To Bank
Yes, you can claim IGST credit on further sale of goods.
Entry is:
IGST credit Dr.
To Bank
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