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Import payment not given
what treatement should be done in case of import, if payment does not given whether it shall be treated as income if yes what treatment should be done in books whether GST has to be paid on this income
Replies (4)
Quick Summary
I guess your case would be about a free replacement and you would have a commercial invoice with nil value. You should book the purchase and inward the stock at zero value.
No sir yeh replacement nahi hai. is case me hame import ke against koi payment nahi deni to kya hamari import value hamari income mani jayegi
Yes. You will have to write off the creditor ledger balance to income.
Whether gst jas to be apply on this income
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