NAMRATA (STUDENT) (85 Points)
08 February 2021WE ARE EXPORTER TURNOVER IS LESS THAN 5 CR BUT I CANNOT FILE MONTHLY GSTR1 & GSTR3B
THEY HAVE CONSIDERED IT IN QUARTERLY CATEGORY
WE HAVE EXPORTED GOODS ON PAYMENT OF DUTY HOW TO PAY DUTY MONTHLY
I WAS UTILIZING ITC INPUT CREDIT TO PAY OFF DUTY
KINDLY ADVISE HOW TO MAKE PAYMENT OF DUTY (NO CASH)
Rama chary Rachakonda
(Master in Accounts & high court Advocate email ID:ramachary64@gmail.com voice no:9989324294)
(8049 Points)
Replied 08 February 2021
The Major ways of making payment for export of goods are:
1. Advance payment - Read in Detail here - Advance payment the best way of terms for business
2. Letter of credit.( L.C.)
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