Microsoft Dynamics NAV (Archived)

Assessable Value

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Posted on by KARUNESH

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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

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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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ManishS 6,578 on at

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RE: Assessable Value

Currently you do not have option of assessable value calculation for GST.
KARUNESH 370 on at

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RE: Assessable Value

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 6,578 on at

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RE: Assessable Value

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.