Export Invoice Under GST - Exchange rate

Hi Sajjad,

Your concern about exchange rate differences between e-invoice and shipping bill for exports under LUT is quite common. Here’s how you can handle it:

🔍 Issue Recap:

• You generate e-invoice and e-way bill based on exchange rate at goods removal (Trivandrum).

• Actual export happens later (Tuticorin port) with a different exchange rate in the shipping bill.

• This causes mismatch between invoice value and shipping bill value.

• GST portal flags errors because of the mismatch.

• No direct way to amend e-invoice once generated.

✅ Suggested Solutions:

1. Use Provisional Exchange Rate

• Generate the e-invoice using a provisional exchange rate expected at the time of export.

• If differences arise, adjust in your accounting records rather than changing the e-invoice.

2. Issue Debit/Credit Notes

• GST allows issue of credit/debit notes to adjust values post invoicing.

• You can issue a debit or credit note reflecting exchange rate difference.

• These will adjust the taxable value in GST returns without amending the original invoice.

3. Use Shipping Bill Value as Reference

• While filing GSTR-1 or refund claims, refer to the shipping bill value as primary.

• Maintain reconciliation statements showing invoice value vs shipping bill value with exchange rates.

4. File NIL Amendments

• Some exporters generate a revised shipping bill or do necessary corrections in customs systems.

• Keep a trail of documents supporting your position for audit.

✅ Important Notes:

• As per GST law, the invoice value should correspond to the value declared in customs shipping bill for export.

• However, practical delays cause differences.

• Issuing debit/credit notes is the accepted mechanism to manage such exchange fluctuations.

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