Purchases - Freight forwarding (Service invoice)

Top  Previous  Next

Your local freight forwarder will bring in the goods from the port to your warehouse, thus incurring freight cost (handling and documentation) or paying on behalf of some charges like GST.

: Input tax paid on behalf by Freight company


At A/c Entry, select [ Purchase Journal ], click [Add]

 Follow the Step 1 to 11

 At [10], replace the default tax code [P] to [IMGST] to claim back the GST amount as your input tax

 See GST Form 5 report

.See Singtel bill with part zero-rated and part standard rated charges


Related Topics

Knowledge Based : IMGST GST input tax claimable for import purchases

 

GL payment for input tax

 

FAQ : IM vs IMGST

 

Preset tax code in COA

 

 

Watch all videos:

Realtimme Training Portal

http://realtimme.cloudapp.net/basic/index.html?purchases_-_freight_forwarding.htm