Accounting entry in system for igst paid

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 December 2018 Dear Expert

we observe that most of company dot show IGST in case of export with payment as it refundable from gov & not recoverable from export purchaser party

is it correct i have doubt on this

CA ANUBHAV

CA ANUBHAV (Expert)
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02 December 2018 In my opinion open different accounts of IGST, CGST and SGST for credit and cash ledger. Once you will park entry for adjustment of output tax liability with ITC and then same would stand refundable from government in another entry.