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Rate of exchange is different when Export E-invoice is raised and the shipping bill is filed

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Shailesh Prabhu

Student CA IPC / IPCC

53 Points Posted on 03 May 2023

Dear panel,

We raised Export E-invoice on the date when the customs rate of invoice is supposed to Rs. 80 per dollar. due to some technical issues on the customs portal, we were unable to file the shipping bill on that date, and the issue was resolved after two days when the exchange rate was changed to Rs. 81 per dollar. In the shipping bill, due to a change of rate, the invoice value was changed. Can we change the invoice with the new exchange rate in books, i.e., Rs. 81 as we raised E-invoice? as we have to match shipping bill value and GSTR 1 value in GST return. Or what treatment do we have to give in the books to match the annual turnover of books with GST.
kindly advise.

Replies (4)

Quick Summary

A business raised an export e-invoice at an exchange rate of Rs. 80/$ but faced technical issues filing the shipping bill for two days. By the time the shipping bill was filed, the exchange rate had changed to Rs. 81/$. This has created a mismatch between the e-invoice value and the shipping bill value, impacting GST returns. The advice given is to not change the export bill itself. Instead, the shipping bill data should be reported in GSTR 1. Any difference in value due to the exchange rate fluctuation should be accounted for in the books under the head 'Exchange rate fluctuations'.

Pankaj Rawat

GST Practitioner

55067 Points Posted on 04 May 2023

No you cannot change your export bill.

1. You need to shipping bill data in GSTR 01 under table 6A.
2. To match Export bill with Shipping bill pass a entry for difference in your books of account under head "Exchange rate fluctuations "