Query 1:-exporter raises invoices in advance and exports the goods at a later period. In such cases, value declared in invoice and the invoice value mentioned in the shipping bill may vary due to change in exchange rate. In such cases, for the purpose of GST return filing which value is adopted as the taxable value?
Query 2:- in case of zero rated supply there is no tax, then while filling the GST return, which value is considered as invoice value, it is equal to taxable value?
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GST EXPORT RELEATED QUERY
Replies (7)
Quick Summary
Value to be taken as per invoice.
Sir please specify your answer
What specification do you require?
For GST return the value in Shipping be need to be reported in GSTR 1 & in GSTR 3B
Pzafar sir, please reply separately to my two query
Query 1: The values will be filled as per the invoice.
Query 2: Taxable value will be equal to total value.
YOUR 2nd Part of Query:
Under Total Invoice Value : Gross Value
Under Taxable Against Rate : Taxable Value (Basic Value)
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