Venkatesh B (president) (3 Points)
10 October 2019What will be the Value for Purchase, when there is a difference between the Value of the Invoice as per Import, and the Assessable value as per the Bill of Entry. For example -
The Invoice value after conversion is Rs. 10.00 lakhs
The Value - Assessable, as per the Bill of Entry is Rs.14.00 lakhs.
How to account for the excess GST paid.
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 10 October 2019
Venkatesh B
(president)
(3 Points)
Replied 11 October 2019
The Assessable value as per BOE is Rs. 12,63,595.00
Customs duty paid is Rs. 4,72,386.00
GST Pais is Rs 3,53,807.00
Item imported is Plastic Goods
ACTUAL INVOICE VALUE IS Rs. 6,59,937.67
sabyasachi mukherjee
(27654 Points)
Replied 01 November 2019
CAclubindia
