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

Guidance Offered on Filing GSTR-1 for Dec 2017 Invoice; Ensure LEO Inclusion and Reconcile Offline for Accuracy A user sought guidance on filing GSTR-1 for an invoice dated December 31, 2017, with subsequent shipping and billing activities in early 2018. Respondents advised including the details in the December 2017 GSTR-1, incorporating invoice and shipping bill information. Challenges were noted in reconciling GST returns with accounting records due to differing dates. It was suggested to reconcile offline or generate a separate report. Additional advice included ensuring the inclusion of the LEO (Let Export Order) in the filing. Multiple participants agreed with these recommendations, emphasizing the importance of accurate documentation.