export invoice in dollar

2334 views 10 replies

Akshat kabra

27 Points Posted on 28 October 2017

do I have to charge igst on export invoice made in foreign currency.??

on bill do I have to show amount of igst in dollar!??

thanks

Replies (10)

Guest

no u cant show

Akshat kabra

27 Points Posted on 28 October 2017

that means I have to make two bills one in dollars( without GST ) and another in INR( including GST)??

Guest

dear export is zero rated supply so no tax on it

u cant mention tax any bills

u pay gst and apply for refund

Akshat kabra

27 Points Posted on 28 October 2017

sorry but I didn't understand...
can u explain it in detail?

Sridevi

Accountant

380 Points Posted on 28 October 2017

When you purchase the goods from the seller, he will charge GST in his Invoice. So, you pay the GST amount to him. In GST Returns, you will show the Input GST purchases made in GSTR3B and claim that part of tax paid to the seller from GST returns.

But, in Sales Invoice, you need not show tax because exports are zero rated supplies.

Regards

Akshat kabra

27 Points Posted on 28 October 2017

"exports are zero rated supplies" does it means that there is no impact of GST on exports and we don't have to pay GST on amount received to us against export invoice??

thanks

Sridevi

Accountant

380 Points Posted on 28 October 2017

Ofcourse, you need to declare in GSTR3B - in 3.1(b) column, and in GSTR1, you need to declare in 6A in Export Invoices column and column 12 in HSN summary wise for you to get the refund back.

You also need to submit Export Invoice copy, shipping bill copy to department to get the refund amount that you have paid at the time of purchases and declared as Input Tax. Our company is following this method, i think it would be better if you consult your auditor once and get the clarification and inform me also if that method is wrong.

Regards

Sridevi

Akshat kabra

27 Points Posted on 28 October 2017

thanks @ Amit and @ Sridevi. I will get back to you if your method is wrong.
thanks again

Guest

take help of professional

update knowladge otherwise u will face problem one day

m not blaming u but penality in gst start form 10000/-

GST CENTRE

92 Points Posted on 29 October 2017

while filing gstr 1 (6a) while adding the invoice details page there is a option to select GST payment in this there is two option 1. with payment of tax and 2. without payment of tax. which one need to be selected. can please explain?