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Export invoice in us$

08 August 2017

I have raised invoices for exports of services in US$. After various bank deductions, my account gets credited in INR. While uploading the invoice on the GST portal, how do I enter the value in US$? If in INR, what value should I enter?

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4 Replies

Vijay Bhand (338 Points)
Replied 08 August 2017

In INR only.

Vijay Bhand (338 Points)
Replied 08 August 2017

And actually you should prepare Two Invoices one for GST INR and second is export invoice customs .

Bhupesh Trivedi (DA) (24 Points)
Replied 08 August 2017

Thanks. If in INR, what value should I enter? (1) The US dollar rate on the date of invoice was higher compared to the US$ rate on the date of receipt of credit from bank. (2) On receipt, the bank gave credit at its own US$ rate (not inter-bank rate). (3) How should I convert the invoice value to INR?