how to treat import Igst? and what r the journal entries for import igst
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IMPORT IGST
Replies (2)
Better to Show Your Bill details then You can get exact solution from our CCI experts.
1.Purchase Import A/C Dr
To Supplier A/c.
2. Custom Tax (Import) Dr
To Bank A/c.
3. IGST paid A/
To Bank. A/c
Now claim ITC on IGST paid in table 5 of GSTR-3b
To Supplier A/c.
2. Custom Tax (Import) Dr
To Bank A/c.
3. IGST paid A/
To Bank. A/c
Now claim ITC on IGST paid in table 5 of GSTR-3b
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