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July 28, 2020
Question

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.

  • July 28, 2020
  • 1 reply
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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 reply

Alok Shah
July 29, 2020

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