Exported service under LUT without payment of IGST. As per Rule 96A, export proceeds has to be realized within 1 year from the date of Invoice. If not, IGST has to be paid within 15 days from the expiry of said 1 year. So, if the invoice is written off because of non realization post 1 year, then
1. In which table of GSTR 1 and GSTR 3B, this has to be shown? and
2. Should this be shown as DTA sales? Should we raise a self Invoice? or
3. Should we amend the said export invoice and pay GST? If yes, last date for amending export invoice of any FY is October 20th of next FY but as per 96A, GST has to be paid if the proceeds are not realized before 1 year from the date of Invoice, which means that Invoice dated prior to 1st October can only be amended.
Response along relevant section/rule quote would be highly appreciated.
CAclubindia
