26 January 2019
Dear sir, Can you Plz help me how to Do accounting for Imports and Exports of Goods. Eg. I had Imported 10,000/- Value stock and I paid all Taxes like Customs and IGST and Other.
I am Treating Purchase Value (Paid to Debtor) - Treating as Purchas i.e.,10,000/- Bank Charges - Treating as Indirect Expenses Customs and other I am - Treating as Indirect Expenditure. One to the Amount extant IGST is treating as Asset since we get ITC in gst .
CAclubindia
