India Compliance with Smit Vora, Guest Lecture, Let's Learn ERPNext!

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  • Опубликовано: 2 фев 2025

Комментарии • 6

  • @trackomaticindia
    @trackomaticindia 7 месяцев назад +2

    Hi, How do we manage High Sea Sales Agreements in ERPNext? Is there a way for High Sea Sales Management in India Compliance???

    • @smitvora3547
      @smitvora3547 7 месяцев назад

      So, High sea sale is a sale transaction, where goods are sold by original importer to third party, before customs clearance.
      From seller's perspective, it should be reported as exempted sale (GST not applicable as goods are not within Indian territory). From buyer's perspective, it is similar to import and he is liable to pay customs and GST. Like creation of Purchase Invoice with Overseas GST Category and then creating BOE on top of it. So, this is possible.

    • @trackomaticindia
      @trackomaticindia 7 месяцев назад

      @@smitvora3547 Yes, It is possible but the only problem we are facing is that we are buying some goods from the same supplier in India which need to be treated as normal GST Purchase. Now the Problem is treating the supplier. Shall we consider it as Local/Indian Supplier or an Overseas Supplier?
      If we treat the supplier as Indian Supplier then the GST functionality works as normal. But In case of High Sea Sales, We are not able to record the BoE on top of Purhcase Invoice. vis versa, if we treat the supplier as Overseas Supplier then our Normal Purchase are messed up as we may not be able to record the GST details on the Purchase Invoice.

    • @smitvora3547
      @smitvora3547 7 месяцев назад

      @@trackomaticindia This should be possible by having a new address with GST Category as Overseas for your supplier.

  • @HarshdeepSingh-k4e
    @HarshdeepSingh-k4e 6 месяцев назад

    Hi Hussain,
    When is the next session planned for GST ???

  • @dineshpanchal432
    @dineshpanchal432 7 месяцев назад

    Awesome it would help us alot