PAYMENT OF IGST FROM INPUT CREDIT

JOSEPH MATHEW (MANAGER ACCOUNTS) (123 Points)

08 February 2021  

Our Company is doing exports and we are claiming IGST for exports . We mention in the bill as payment of IGST and calming 5% the same from customs.

What is the entry which has to be passed in the boos. Should i reduce my input credit in the books as per Electronic credit ledger.. Please reply.