Our bank have charged CGST and SGST on export payment realised in foreign exchange.
The bank have not charged any bank charges but CGST and SGST only, as under :
Taxable value on conversation of forex Rs 6534.17, CGST Rs 588.08 and SGST Rs 588.08.
Bank have debited only GST and not taxable value.
How to pass this entry in Tally please ?