Sales Invoices for Export sales with payment of IGST and without payment of IGST tax

[Bhavesh_Bhorde]

Hi Experts and Friends,

Kindly guide wherein the below case for export sale invoices there should be a checkbox or custom field for the application of IGST on the export sale invoice. That checkbox decides whether the IGST will be applied in the invoice or not.

In case of Export Sale Invoices do we have condition or tax code wherein IGST get posted and reversed to a different account simultaneously.

For Example,

With payment of IGST

Export Sale Invoice is $1000 and the IGST is $180,

In this case the total invoice pricing should include the IGST of $180 for which the journal entry will be;

Receivable Foreign              Dr.  $1180

    To Revenue                      Cr.             $1000

    To IGST-Output                Cr.             $180

Then, simultaneously another entry is posted in the background as below;

IGST-Output                           Dr.   $180

   To IGST Receivable             Cr.            $180

The said IGST receivable is then received as form of duty drawback months later when the payment is completed.

And the other condition being the exclusion of IGST totally, in which case the entry will be;

Receivable Foreign              Dr.  $1000

    To Revenue                      Cr.             $1000

If there is some solution or workaround to the above case any suggestion is greatly helpful.

Thanks

Bhavesh