Export Purpose / GSTR-3B Filing

[UmeshC Pandey]

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.

Thanks,

Umesh C Pandey

AI Summary

Guidance on Export Invoices Under GST: Currency Conversion, Taxable Value Categorization, and IGST Adjustment with ITC A merchant trader inquired about the process of issuing export invoices under GST without a bond and sought advice on showing IGST value in export invoices, categorizing export value in GSTR-3B, and adjusting IGST with Input Tax Credit (ITC). Two responses were provided. The first advised mentioning values in both Indian and foreign currency, categorizing exports as taxable value, and allowing ITC with a refund or rebate option. The second response emphasized converting USD to INR for IGST, showing exports as zero-rated supplies, and using ITC for IGST payment, with refund claims post-export.