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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Less amount received against export
Replies (5)
yes u can .. but why is the difference or short payment reced. ,.. is it is due to dollor rate changed
yes, we received less dollars instead of full value of bill
A realised loss would be registered as an expense, and would specify that it is a loss related to currency exchange.
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
Issue credit note for the difference amount.
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