Hello Experts,
I have recently made some overseas purchases for which USD/INR conversion has taken place and my bank has finally charged me in INR for the same. I have recevied an invoice from the overseas dealer. How do I compute such purchases in my GST Returns? Once the goods enter India, I am paying customs duty and IGST as per the Bill of Entry.
Technically, it is supply from an unregistered dealer (URD), so am I liable to pay reverse charge on it? If not, can someone explain the method of computation for such purchases?
Thanks.
