03 June 2021
Sir If i received any sample item from a foreign supplier then How would be Treated in Tally. Because 1. I don't have to paid something for the sample item 2. For iGST Input claimed Party has to be credited Please help me out here. iF I MAKE THE entry as follows, Consumable Account ..... Dr. IGST Account.... Dr. Custom Duty Account ... Dr. to IGST Payble To Custom Payable To Party account
03 June 2021
No amount payable to the party, it's free sample, so party account not involved. The entry is like this. Consumable account dr To customs duty payable cr
ITC claimable on IGST dr To IGST payable cr
It's free sample for your consuumtion so it's your consumable.
03 June 2021
But Sir, For Eg: I Have make the entry as follows Consumable Account DR.. 10000 Custom Duty Acciount Dr. 250 IGST Acciunt Dr. 100 To Custom Payable 250 To IGST Payable 100 So for remaining Rs. 10,0000 k Credit kisse Karunga
03 June 2021
The entry would be (according to the example cited above): Custom Duty Account Dr. 250 IGST Acciunt Dr. 100 To Custom Payable 250 To IGST Payable 100
03 June 2021
Sry Sir Again A doubt raised When Make The payment for IGST then Why not i take credit for Same As per Purnima Ji Can I take the Input for IGST as i have paid through RCM
CAclubindia
