Export of Service - Invoice Currency

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..... Export of Service - Invoice Currency
Query (Issue) Started By: - Sahil Shah Dated:- 10-3-2022 Last Reply Date:- 13-3-2022 Goods and Services Tax - GST
Got 5 Replies
GST
Dear Experts, If .....

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..... my export of service invoice raised on client is in USD, how to show that amount in GSTR-1? Because in GSTR-1, they are asking for INR amount in Invoice value tab. (Note - My transaction is Export of .....

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..... service without payment of tax under LUT) Thanks in advance. Reply By Rajagopalan Ranganathan: The Reply: Sir, Convert the invoice value shown in USD into rupees by adopting the exchange value of .....

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..... USD on the invoice date and show the same in GSTR-1. Reply By Sahil Shah: The Reply: Ok sir thanks, Also, is there any specific source from where the exchange rate has to be taken? Reply By Raja .....

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..... gopalan Ranganathan: The Reply: Sir, You may refer to Exchange Notification issued by CBIC or exchange rate published in leading newspapers, Reply By Ganeshan Kalyani: The Reply: You may ask your .....

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..... Bank. Reply By Shilpi Jain: The Reply: For services use the RBI rate for conversion of USD to inr
Discussion Forum - Knowledge Sharing .....

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