Tax Management India. Com
                            Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Manuals News SMS Articles Highlights
Discussions Forum
Home Forum Goods and Services Tax - GST This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

← Previous Next →

Export Purpose / GSTR-3B Filing, Goods and Services Tax - GST

Issue Id: - 112877
Dated: 26-9-2017
By:- UmeshC Pandey
Export Purpose / GSTR-3B Filing

  • Contents

Dear Sir,

We are merchant trader and now we are issuing export invoice of sale amount (not mentioned IGST).

Now we have't any Bond and we had already export 3-4 times after July, 2017.

Can you suggest me for :-

1- If we have to show IGST Value on Export invoice so how can show IGST Value on Export Invoice becuase we are invoicing in USD (Example Sale Amount USD 50,000/- and GST @ 12% so can we show GST USD 6,000/- ?)

2- Which in head we will show export value in GSTR-3B (In GST @ 0% - ?, in GST Nil/Exempt - ? or Taxable Value -?)

3- If we are showing IGST Value in export invoice then can we adjust export IGST with ITC which received from supplier & other sources ?

Awaiting for your proper reply according Serial number.


Umesh C Pandey

Post Reply

Posts / Replies

Showing Replies 1 to 2 of 2 Records

1 Dated: 26-9-2017

Point-wise reply is as under :-. 1. You can mention Value in Indian currency and foreign currency both. 2. Taxable Value. 3. ITC is allowed. You can claim refund /rebate of GST paid on supply of exported goods. ITC is allowed on inputs contained in finished goods which have been exported. ITC on inputs is allowed whether goods exported under bond or on payment of tax.

2 Dated: 26-9-2017
By:- Rajagopalan Ranganathan


Query: 1. For payment of IGST you have to convert the amount shown in US dollars to Indian rupees as per Exchange rate Notification issued by CBEC. You cannot show IGST payable in US dollars.

Query: 2. You have to show value of export under column3.1 (b) as outward taxable supplies (zero rated) vide Section 16 (1) (a) of IGST Act, 2017. If you have not executed bond then you have to pay IGST and after export is completed claim refund of IGST paid.

Query: 3. You can use ITC for payment of IGST.


Post Reply

← Previous Next →
Discussion Forum
what is new what is new

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.