Export sale date for GSTR 1

[InternationalCentreforAutomotiveTech Natrip]

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?

AI Summary

Clarifying GST Export Sales: Use Bill Date for GSTR-1 and Customs Rate on Invoice Date for Currency Conversion. A discussion on a forum addressed the correct date to use for export sales under the GST regime and the appropriate conversion rate for foreign currency. One participant asked whether the invoice date, shipping bill date, or bill of lading date should be used for export documentation. Another participant responded, suggesting the bill date should be used in GSTR-1. Regarding the conversion rate, it was advised to use the rate notified by the customs department, applicable on the invoice date. The original inquirer expressed gratitude for the clarification.