Hi Please suggest how to configure to book bills and make the payment against imports made, through our bank along with the forex commission with GST on Forex commission. And GST on taxable value of total supply of forex. Calculation of taxable value has slabs.
We have received the note from our Bank as follows:
Forex in USD 2100000
Conversion value Rs.14890000
Commission Rs,1250
GST On Commission Rs.225
GST on Taxable value of supply of USD Rs.3250/-
Total paid to Bank Rs.14893475 (14890000+225+3250)
Please suggest how to book this asset by debiting total 14893475 by crediting import vendor and crediting the GST part and commission to Banker.
Regards
Prakash
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