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resilient-tech / india-compliance-docs

India Compliance Documentation
https://docs.indiacompliance.app
GNU General Public License v3.0
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Bill of Entry Docs #27

Open vorasmit opened 10 months ago

vorasmit commented 10 months ago
vorasmit commented 10 months ago

Blog Outline

You are receiving a bill from DHL for all of the things they pay on your behalf, in addition to IGST (to CBDT).

The issue with having everything in one document is that IGST should also be present in the Bill of Entry and be linked with where taxable information for GST is available.

Based on the First Principles,

IGST and Customs Accounting get priority and should be part of the Bill of Entry. This helps with accurate 3B, claims of inputs etc. In addition to BOE, you can create a payment entry of IGST and Customs, where you can mark this as paid by DHL, increasing your payables to DHL. https://www.youtube.com/watch?v=55UIRKKIutE You can book balance entries through Purchase Invoice by splitting Non-GST and GST Items.

Speaking of balance entry through purchase invoices, currently Non-GST and GST Items are not allowed in a single invoice, which soon will be. PR Ref: https://github.com/resilient-tech/india-compliance/pull/1554

So, you may further need to split the DHL invoice into GST and Non-GST Items. You could choose to book JV with payable to DHL likewise for the other items, or in the same JV that you book above for Payment form BOE.