Accounting entry for export GST Payable

Entry should be as here under-

Invoice raised of Rs. 1,00,000/- and IGST applicable 5% entry should be books as bekow-

Party.................Dr      1,00,000

     To Exports                                 1,00,000

IGST Receivable .................Dr.      5,000

          To IGST Payable...............                 5,000

On payment receipt of IGST-

Bank......................Dr       5,000

          To IGST Receivable               5,000

Because IGST is not liability of foreign debtors so why we debit to the debtors for the same so we should passed a separate entry of IGST Receivable.

Shouldnt it be:

GST Refundable dr 18000

Party dr 100000

To Sale 100000

To GST Payable 18000

Did u find any solution of this , bcoz i am also encountering with the same prroblem

Dear Sir,

if i am charging gst from outside india parties. how can pass gst refund entry.

i am passing sale entry and paid tax entry.

1 party Dr.

sale Cr.

igst Cr.

2. IGST Dr.

bank cr.

how can refund entry passed?

@ Pradeep  Kumar  Dubey 

After  your entry  

1) IGST  Receivable A/c      Dr 

    To  IGST  Payable  A/c    Cr

(Being  IGST  Payable   )  Booking  entry  Of   IGST  payable 

We have to pass one more   Payment  entry Of IGST payment  To Govt  A/c 

   IGST  Payable   A/c   Dr 

   To Bank              A/c  Cr 

(Payment to IGST  to GOVT A/c  at time of  export  with  IGST ) 

and  then  Refund  entry  as pass by you 

Bank                   A/c            Dr 

To  IGST  receivable   A/c   Cr 

(  being refund  received ) 

or Is not necessary  to pass  payment  entry  in between ,  Your  Opinion  please