Is there anybody who can help me to maintain the books of a Steel importer?? For ex maintain a cost record, Taxations n all
amitesh
(service)
(44 Points)
Replied 22 November 2013
whenever any import takes place then u have to make bunch of papers from starting to ending like:
Purchase order
Proforma invoice
Remittance papers in xerox like A1 form
Letter of credit ( if through LC)
if hedging is done then buyers credit or forward contract papers
corgo arrival notice
release letter from bank if imported through LC
shipping guarantee if imported via marine
original invoice, bill of lading or airway bill, packing list, as the case may be.
now do accounting entries as per AS 11 or 30 as applicable to the organisation
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
