NEPAL EXPORT ON PAYMENT OF IGST

[shalimar taxi]

Dear Expert,

We have to export few consignment to Nepal on payment of IGST. We want to know that how to debit /pay Liability of IGST and accounting process of payment of IGST. During the EXCISE regime we debited duty in PLA or RG23 A Part-II and mentioned Sr. No. on Export Invoice etc. But, now how to debit and in which ledger?

Thanks in advance

[KASTURI SETHI]

Whatever amount of IGST you deposit through challan online, that will be credited into electronic cash ledger and thereafter you debit the amount IGST by clicking on 'offset liability'.. You can directly create challan and pay taxes using this link: https://payment.gst.gov.in/payment/

[shalimar taxi]

It means now we do not need to debit any amount in any ledger. Should we pay IGST during the liability show in GSTR-3 or GSTR3B return.

Do we not need mention debit entry no. on Export Invoices?

[KASTURI SETHI]

No debit entry no. Only to write tax payable on invoice.

AI Summary

IGST payment: deposit via online challan into electronic cash ledger, then offset liability; show tax payable on invoice. IGST for exports is paid via an online challan which is credited to the electronic cash ledger; the taxpayer then debits that ledger by using the 'offset liability' option to discharge IGST, and export invoices need only show the tax payable without a separate ledger debit entry number.