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pavitrabhat
Level 1

How to raise invoice for export with payment of tax ? how are the entries passed in QB as IGST is not charged to customer instead will be claimed as refund.

QB invoice format includes IGST on export in the total invoice value. This instead should calculate IGST separately and need to be reflected in 2 accounts (output IGST payable and IGST refund receivable account). Please assist.
1 Comment 1
Alok Shah
Level 3

How to raise invoice for export with payment of tax ? how are the entries passed in QB as IGST is not charged to customer instead will be claimed as refund.

Dear Sir / Madam,

 

In QB you can either have Inclusive or exclusive invoices.  But the way you want it cannot be done in QB. You will have to pass manual entries for the same.

 

 

CA Alok Shah