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Less amount received against export

Import / Export 184 views 5 replies
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accounts manager
33 Points Joined September 2011
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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On 23 June 2018 at 15:34 Report
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GST Practitioner
55067 Points Joined June 2017
yes u can .. but why is the difference or short payment reced. ,.. is it is due to dollor rate changed
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On 23 June 2018 at 16:36
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accounts manager
33 Points Joined September 2011
yes, we received less dollars instead of full value of bill
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On 23 June 2018 at 16:37
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24196 Points Joined May 2018
A realised loss would be registered as an expense, and would specify that it is a loss related to currency exchange.
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On 24 June 2018 at 01:29
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accounts manager
33 Points Joined September 2011
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
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On 24 June 2018 at 09:24
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24196 Points Joined May 2018
Issue credit note for the difference amount.
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On 24 June 2018 at 11:48

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