High Seas Purchase Entry

925 views 1 replies
Respect All,
Kindly suggest for High seas purchase entry of Without Tax....I purchase Material from Maharashtra on High seas Basis and i paid Igst on custom challan. Maharashtra seller given Purchase invoice without Tax..So please suggest for purchase entry booking and which type of Purchase Ledger nature of Transaction..

Thanks..
Replies (1)
At the time of import
purchase on the date of bill of lading ac Dr
to s creditors for purchase on the bill of lading


for making payment
s creditors for purchase on the date of payment ac Dr
to credit bank of Account on the date of payment

at the time of high sea sales


customer ac Dr as per the endorsement of bill of lading
to sales ac same as per the endorsement of bill of lading



at the time of recipient of payment


bank ac Dr there's will be margin and as per the exchange rate on the date of invoice
to
customer account here also margin and as per the exchange rate on the date of invoice


at the high sale purchase

purchase ac Dr
to s creditors for purchase
as per the endorsement of bill of lading and invoice date
again
s creditors for purchase ac Dr
to bank account as per the exchange rate on the date of payment


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details