Anyone have idea then pls suggest how to make entry in gst tally for igst and custom duty paid by agent on import behalf of us. We have paid to his account whole amount . It seems easy but under reverse charge entry for igst payment how to pass entry for igst and custom duty entry .
Pls help
Purchase Amount (**) DR
IGST Input DR
Party CR
Agent ( Custom Duty ) CR
IGST payable CR
** custom duty which will no eligible for input under GST act
IGST Payable Dr
Agent ( Igst under RCM ) CR
PARV & Co.
New Delhi
CA Inter
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RoamPrime Technologies Private Limited
Bengaluru
CA
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Rohit KC Jain & Co
New Delhi
CA Inter
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K R Kiran Kumar & Associates
Bengaluru
CA Inter
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CCI
Pro
CAclubindia
