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Dynamics 365 Community / Forums / Microsoft Dynamics NAV (Archived) / Assessable Value
Microsoft Dynamics NAV (Archived)

Assessable Value

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Posted on by KARUNESH 370

Dear Friends,

What will be our Base Amount for G.S.T. Calculation ? Current scenario as under :

Import Value                                          Rs.10000.00

Freight                                                            100.00

Insurance                                                        100.00

Misc. Charges                                                  100.00

Landing Cost                                                   100.00

                                                                    -----------

                                                                    10400.00

Add: 

Basic Custom Duty                                         500.00

Edu. Cess                                                        100.00

Second. High. Edu. Cess                                 100.00

Total                                                            11100.00

IGST suppose 10%                                         1110.00

Total Rs.                                                       12210.00

 

Now question is this that if Custom Officer during clearing of the goods change the Import Value Suppose Rs.10000/= to 12000/= . All the Calculation regarding Custom Duty and IGST will  become change But we don't have to pay more to Vendor how this will be  adjust ?

Thanks in advance to revert ASP.

KARUNESH

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I have the same question (0)
  • ManishS Profile Picture
    ManishS 86 on at

    Freight, Insurance, Misc. Charges & Landed cost will be you GL Account in purchase line after item.

    Basic Custom Duty, Edu. Cess & Second High Edu Cess you need to add these value and insert it in Custom Duty Amount in purchase line.

  • KARUNESH Profile Picture
    KARUNESH 370 on at

    Thanks for reply please go through my question Import Value Assess by Custom Officer and is take which ever is higher after calculation i.e. from Vendor Side and Custom Officer side if Custom Officer side value is high So we have to give credit to vendor when you post the entry and calcualtion of taxes will also differ due to this value of custom officer . So I want a solution that in this case what should we do to adjust the increase Asses sable Value without changing in tax amount and credit goes to Vendor as per their Invoice.

    karunesh

  • ManishS Profile Picture
    ManishS 86 on at

    Currently you do not have option of assessable value calculation for GST.

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