how to treat import Igst? and what r the journal entries for import igst
tnx
2 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 14 December 2018
Better to Show Your Bill details then You can get exact solution from our CCI experts.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 14 December 2018
1.Purchase Import A/C Dr
To Supplier A/c.
2. Custom Tax (Import) Dr
To Bank A/c.
3. IGST paid A/
To Bank. A/c
Now claim ITC on IGST paid in table 5 of GSTR-3b
To Supplier A/c.
2. Custom Tax (Import) Dr
To Bank A/c.
3. IGST paid A/
To Bank. A/c
Now claim ITC on IGST paid in table 5 of GSTR-3b
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