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Export sale date for GSTR 1, Goods and Services Tax - GST

Issue Id: - 112778
Dated: 7-9-2017
By:- ICAT Natrip
Export sale date for GSTR 1

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Q1 : what is the date is taken for export under GST regime. Invoice date / Shipping bill date / Bill of Lading (or) Airway Bill date? for example invoice date : 10.07.2017 , shipping billdate : 18.08.2017, bill of lading (or) Airway bill date 24.08.2017 which one is correct ? why ?

Q2 : what is the correct conversion rate? which INR value was taken for Export ? Shipping bill value (or) bank realisation value? for example shipping bill conversion EUR 10000 @ 69.50 = 695000 & bank rate EUR 10000 @ ₹ 70.05 = 700500. which one is correct why?

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1 Dated: 9-9-2017
By:- Ashwarya Agarwal

Ans to Q1: The bill date should be mentioned in GSTR-1 in my opinion.

Ans to Q2: Conversion rate for foreign currency is notified by the custom department every week / fortnightly. That conversion rate is used in custom department also. You can obey that rate applicable on the date of invoice.

2 Dated: 9-9-2017
By:- ICAT Natrip

Thanks a lot sir.


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