Master in Accounts & high court Advocate
9610 Points
Posted on 30 October 2024
Since the goods didn't enter India, this transaction is considered an export.
As per GST laws, exports are zero-rated supplies, meaning no GST is payable.
However, you may need to provide documentation to prove the goods were directly dispatched to Germany and didn't enter India.
This could include: - Commercial invoices - Bill of lading or airway bills - Customs documents For accounting purposes, you can record the transaction as: -
Sales (export) - XXX (value of goods) - Receivables (XXX) In your GST return (GSTR-3B), report this transaction as: -
Exports (zero-rated supplies) - XXX (value of goods) Additionally, you may need to file an export declaration (Table 6A of GSTR-1) and provide details of the export