Export of zero rated supply-date of invoice or date of let export in shiping bill.

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..... Export of zero rated supply-date of invoice or date of let export in shiping bill.
Query (Issue) Started By: - Narendra Soni Dated:- 12-10-2018 Last Reply Date:- 12-10-2018 Goods and Services Tax - GST
Got 5 Replies
GST
Dear Experts We raised export invoice on 30.09.18 and moved the container for customs ICD for clearance and filling Shipping Bill.. Shipping bill let export made on .....

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..... dtd 01.10.18 Kindly suggest:- Would it be count as export sale in 1.GSTR-1 return for Sept.18 2.in Net Zero rated turnover and Adjusted total turnover for ITC Refund application for the month of Sept.18. Reply By SHIVKUMAR SHARMA: The Reply: Goods Cleared From the Business Premises on 30 .09.2018 & Invoice is prepared on 30.09.2018 so as per my view Transaction of export is to be shown in GST .....

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..... R-1 of Sept 2018. Reply By Narendra Soni: The Reply: Sir, your opinion for GSTR-1 is appearing correct , please suggest for 2nd part of query:- In the ITC refund claim which is based on formula=Net ITC during the tax period* Zero rated turnover during the period/Total adjusted turnover= refund amount Kindly suggest whether the export of this invoice would be counted in Net Zero rated turnover .....

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..... and Adjusted total turnover for ITC Refund application for the month of Sept.18. OR will be added in the refund claim application for the month of Oct 18. Reply By SHIVKUMAR SHARMA: The Reply: When we shown the Transaction in GSTR-1 of Sept 18.Then the export of this invoice should be counted in Net Zero rated turnover and Adjusted total turnover for ITC Refund application for the month of Sept. .....

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..... 18. Reply By Ganeshan Kalyani: The Reply: The transaction will be shown in GSTR-1 of September month. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: I endorse the views of experts.
Discussion Forum - Knowledge Sharing .....

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