Gst credit of bank invoice
Querist : Anonymous
We are trading in foreign import /Export we have receive a lot of Foreign Inward Remmitance ,when bank send us credit Advice in that
Exp.As per Credit Advice
total amt.remitted $23421.60 @67.6
INR 15,83,300.16 Cr.
GST/On CCY purchased/Sale INR 1094. 99 Dr.
Total Amount Credited INR 15,82,205.17 Cr.
When we Receive Bank Invoice for Month invoice show
Taxable Value 6083.28 CGST-547.50 SGST-547.50 Total GST.1094.99
So my Question is Bank show only show GST amt.of Rs.1094.99 in Credit advice & why they dont show Taxable value Of Rs.6083.28. how can i show entry in tally regarding this to Take ITC of GST
Expert : Anonymous
Querist : Anonymous
INR 15,83,300.16 Cr.
Less GST 1094.99 Dr.
Amount credit in bank 15,82,205.17 Cr.
when bank send us Tax invoice that time they show taxable value
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