I am very confused how to enter import shipment purchase entry for following case in tally
Item value USD $98.90
I have paid from bank to party as per below
Actual Val = ₹6347.70
FCY Markup = ₹222.17
IGST = ₹39.99
=======================
Total = ₹6609.86
Custom Duty
Assessable Val= ₹7809
Duty @ 7.5% = ₹586
Cess @ 3% = ₹18
======================
Total = ₹8413
IGST @ 28% = ₹2356
Duty and IGST + Fedex Charge I paid to FedEx as per below
Duty @ 7.5% = ₹586
Cess @ 3% = ₹18
IGST @ 28% = ₹2356
======================
Total = ₹2960
+
Fedex Charge = ₹300
IGST @ 18% = ₹54
======================
Grand Total = ₹3314 (This amount I paid to FedEx)
How to enter this transaction in tally ?
is the IGST paid to bank on FCY Markup is eligible for input credit ?
is the IGST paid to FedEx on its Service Charge is eligible for input credit ?
CAclubindia
