Accounting Entry For Export
This query is : Resolved
01 June 2021
Dear Sir/Madam,
Good Afternoon!
Please Share Accounting Entry For Below Transaction.
We Have Export Plastic Recycling Machine Blades As Sample (Not Sale). Now We Have Send Material By Air And We Have Issue Invoice With Regular Sales Invoice number Invoice Value Is 250USD And INR 18,263.00.
So my Question Is How Can I Am Pass This Sales Entry (Because Its A Sample Material) And Also Can I Show This Transaction In GST.
Good Afternoon!
Please Share Accounting Entry For Below Transaction.
We Have Export Plastic Recycling Machine Blades As Sample (Not Sale). Now We Have Send Material By Air And We Have Issue Invoice With Regular Sales Invoice number Invoice Value Is 250USD And INR 18,263.00.
So my Question Is How Can I Am Pass This Sales Entry (Because Its A Sample Material) And Also Can I Show This Transaction In GST.
01 June 2021
Show it as business promotion expenses.
Yes, show it as export in GST. IGST payable/ LUT to be furnished.
Yes, show it as export in GST. IGST payable/ LUT to be furnished.
01 June 2021
Hello sir
Thank you for your reply
As you says I am showing in export but than my sales increase so it's good for business
Thank you for your reply
As you says I am showing in export but than my sales increase so it's good for business
02 June 2021
You can pass a sale entry and and accordingly a consumption entry. Assuming this is FOC , you can raise a debit note and reverse the sale and the debtor.
I am not sure about it’s adjustment in GST. I am accounting expert
I am not sure about it’s adjustment in GST. I am accounting expert
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