Go AD-Free with CAclubindia Pro and Daily WhatsApp Updates. Subscribe Now!

Sale consider- As per invoice or as per shipping bill

317 views

Save Share

Ranjit Chowdhary

21 Points Posted on 11 February 2020

please advise on below points;
1. Date of sale to be considered -as per Tax invoice or as per shipping bill
2. Amount of sale to be considered -as per Tax invoice or as per shipping bill

because as per GST rules, date of ex-factory is date of sale but to match the data on custom portal and GST portal, we have to consider the details as per shipping bill to avoid any Mismatch and amount is being put on hold.

there is always difference in amount as per Tax invoice and amount as per shipping bill. so which amount should be considered in books??

Replies (3)

Quick Summary

This discussion addresses a common dilemma for businesses regarding export sales: should the date and value of a sale for GST purposes be taken from the tax invoice or the shipping bill? While GST rules often point to the ex-factory date as the sale date, discrepancies between tax invoices and shipping bills can cause mismatches on GST and customs portals, potentially leading to funds being held. The consensus suggests recording the sale value as per the tax invoice in your books but preparing reconciliation statements to account for differences with the shipping bill. For exports in INR or USD, the shipping bill date is often preferred, and sale value should ideally match the FOB value.

Krishan Verma

15 Points Posted on 11 February 2020

U need to pass the debit notes against difference amount. with this you can avoid mismatch.

Pankaj Rawat

GST Practitioner

55067 Points Posted on 11 February 2020

In books you need to consider Amount as per Tax Invoice. Yes the difference will be there when it is compare with shipping bill , you need prepare & keep reco. statement for the same