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Less amount received against export

raaj (accounts manager) (33 Points)

23 June 2018

hi sir
I wanna to know how we can treat the amount received against export of goods is received less as per bill value.can we show such amount as discount or rebate in books of accounts.
please clarify this point under GST

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5 Replies

Pankaj Rawat (GST Practitioner) (55062 Points)
Replied 23 June 2018

yes u can .. but why is the difference or short payment reced. ,.. is it is due to dollor rate changed

raaj (accounts manager) (33 Points)
Replied 23 June 2018

yes, we received less dollars instead of full value of bill

Vinod Babu (24196 Points)
Replied 24 June 2018

A realised loss would be registered as an expense, and would specify that it is a loss related to currency exchange.

raaj (accounts manager) (33 Points)
Replied 24 June 2018

There are no currency exchange difference.export bill is of 2000 us$ and received 1830 us$ .This is main problem.can we show such amount as discount or rebate in books