Reconcile shipping bills and GST returns for IGST refunds

Match the invoice number, value and IGST on every shipping bill with the export invoices in GSTR-1 and the tax paid in GSTR-3B. Indirect Tax can correct mismatches before filing and track each failed shipping bill until the refund is credited.

Starts when

Filing of shipping bills under payment of IGST; monthly GST return preparation.

Runs: Monthly, covering every shipping bill with IGST paid

People in the process

IIndirect TaxProcess Owner
FFinanceParticipating Team
LLogisticsParticipating Team
TTreasuryParticipating Team

The process is a starting point. The standards are yours.

Configure for the product, route, authorisation and applicable trade requirements. Export-realisation monitoring and eBRC work are separate processes with separate completion evidence.

Keep the work connected.

Indirect Tax

Track Advance Authorisation export obligations through to redemption

Tie every duty-free import and export shipping bill to its authorisation and reconcile quantity, value, realised proceeds and time remaining each month. Indirect Tax can seek extensions or pay duty on shortfalls, then redeem the authorisation and have the customs bond cancelled.

ILPFC

Finance

Reconcile export shipping bills with realised proceeds in EDPMS

Match each shipping bill and services invoice to its inward remittance, e-BRC and the bank's EDPMS outstanding statement every month. Finance can take short receipts, extensions and write-offs to the authorised dealer bank and keep every open export entry realised, extended or closed.

LSTC

Import Desk

Approve classification and valuation before filing bills of entry

Check the customs broker's tariff heading, assessable value, exemption claims and permit requirements against the product master, commercial invoice and purchase terms. The Import Desk can sign off the self-assessed duty with Indirect Tax, and errors found after filing are paid voluntarily with interest.

PIF

Explore all Import & export processes.

Order for the work. Room for the people.