How to make Merchant Export Sales Bill

Merchant Export is a common term used in trading with Foreign Country. A merchant exporter is a party that exports the goods from one country to the other. A merchant exporter may or may not have their own manufacturing unit. Many business who would not be able to export the goods by themselves may use a merchant exporter. Thus parties would make sales to merchant exporter who would in turn ship the goods to the respective destination.

Thus a merchant exporter can be a local or interstate party and in either case as per GST rule, sale to merchant exporter will attract an IGST of 0.1%. In order to achieve the same in the GOFRUGAL RetailEasy product, following steps are needed to be followed.

Step 1: Customer master creation

Under GST tab of the customer master, "Exempted Type" must be selected as "Merchant Exporter" and "Exempted Tax" should be selected as "GST 0.1%".

Step 2: Make the Bill

If we check in sales bill, then we can see that the GST is calculated at 0.1% irrespective of the item tax %. Also we can see that irrespective of the location of the party, application will calculate Interstate Tax only.

Step 3: Checking the accounts

In accounts as you can see, IGST will get calculated and the posting will be as shown in the image.

Limitation: It will not support when customer is selected in tender.

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