Details in GSTR-1

[ARVIND GUPTA]

Dear Sir,

Please guide that how can I file my GSTR-1 in the following situation, for which month GSTR-1 I will file and by what amount:

1.Invoice date: 31.12.2017

2. Invoice Amt: USD 10,000

3. Shipping Bill date: 25.01.2018

4. FOB Value as per shipping bill : UDS10,000 @ 63 i.e. ₹ 6,30,000/-

5. Bill of Lading : 03.02.2018

[Ganeshan Kalyani]

show the detail in Dec 2017.

[ARVIND GUPTA]

Respected sir,

if I give details in GSTR-1 in the Month of December then let me know the following points

1. What details are given in GSTR-3B return, the due date is 20th of Next Month but i could not know the FOB Value.

2. We record in books of accounts Export date as Bill of Lading date. in this situation, my GST return can not match with books of accounts

3. In GSTR-! of December (As per your Suggestion) what amount is to be filled up in FOB value and which Rate because I could not know the exact amount (Invoice made in USD)

[Praveen Nair]

Dear Arvind

I presume the Invoice date is the Tax Invoice date. In this case the details should be included in the GSTR-1 filed for the month of December.

The GSTR-1 should carry all the details pertaining to the Shipping Bill like;

1. Invoice No. & Date

2. Shipping Bill & Date

3. FOB value as mentioned in the Shipping Bill.

As per IAS the export is accounted on BL date, it will be difficult to reconcile in this case with GL, you have to do this reconciliation offline or you can generate a separate report from your software for reco. purposes.

Trust this helps!

[Ganeshan Kalyani]

agreed with nair sir.

[DR.MARIAPPAN GOVINDARAJAN]

I endorse the views of Shri Praveen Nair

[YAGAY andSUN]

Mentioning of LEO is also mandatory.

AI Summary

GSTR-1 reporting: include invoice, shipping bill and FOB as per shipping bill; reconcile timing differences offline. Report the export in GSTR-1 for the month of the tax invoice. Populate GSTR-1 with the invoice number and date, shipping bill number and date, and the FOB value as stated in the shipping bill (converted to domestic currency if necessary), and include mandatory identifiers such as LEO. Reconcile any timing differences between GSTR-1 and accounting records-which may record export on Bill of Lading date-through offline reconciliation or software reports.