I have started export of cushion covers etc through FEDEX Courier (no custom clearance required) on foreign website (e-commerce) in Aug 2017 and receive payment in my bank in INR after deducting all the charges by the foreign e-commerce website.
I want to know, whether it is necessary to show shipping bill in GST return in this case. I have to enter individual invoices per day in GST or enter a consolidated invoice in INR on the basis of payment received in INR. Similarly for accounting purpose I have to enter a consolidated invoice of INR received in Bank on the date of receiving the payment and ignoring all the charges applied by foreign e-commerce site in foreign currency or enter individual invoice on daily basis (converting it to INR) AND on the date of receiving payment in INR I should account for all the expenses in Foreign Currency after taking into account the conversion rate of that date. Kindly advise me also that can I take the GST ITC and can show the sale as export sale.
CAclubindia
