can anyone please let me know what is the accounting entry for the below details.
There is an export sales without LUT(i.e. With Payment of Tax)
1. Invoice date 25/03/2022, Invoice Value USD 10010/- Rate on 25/03/2022 1 USD=Rs. 77.64) INR Value777176/-
2. Shipping Bill Date 02/04/2022 , 1 USD= Rs.77.32 FOB Value= 773973/- IGST Value=773567 IGST =92824 (IGST Tax Rate 12%).
3. Bill of Lading Date is 03/05/2022.
Please take this urgent , I am confused about : in which date entry will be passed, What amount will be shown in exports . Please help and explain which value should be taken and why?
CAclubindia
