14 March 2019
While filing GSTR-1 we always put therein the value of export sales as per shipping bill but as and when the export bill gets realized, realized value of export sale as per band advice is booked in books of account on account of export sales. Now tomorrow might be the issue of mis-matching of exports sales with the shipping bill. Please guide me what to do in such circumstances. Realized value of export sales should be taken in books of accounts or sales value should be taken as per shipping bill.
Always Invoice value is what you are billing to the customer i.e What is the total Value of Invoice when you are selling the goods, not the realized value. Ex: In case of exports the Bank may deduct the Bank charges in remittance made by your customer , you may receive lesser. 2. Due to currency fluctuations you may receive more or less that what is billed
Always the GSTR-1 is Invoice value to be mentioned not the Realized value.
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