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?
Q. What will treat the difference amt foreign exchange as against invoice amt
Clarifying Export Dates under GST: Let Export Order Date is Key, Use BRC for Conversion Rates, Declare FX Differences. A discussion on export-related issues under the Goods and Services Tax (GST) regime raised questions about the correct date for export: invoice date, shipping bill date, or bill of lading/airway bill date. The consensus among responders was that the relevant date is the LEO (Let Export Order) date as per the shipping bill, in line with chapter 9 of the FTP/HBP Vol. 1. For conversion rates, it was suggested that the Bank Realisation Certificate (BRC) value should be used. It was also noted that any differences in foreign exchange should be declared in the annual return due to revenue neutrality. (AI Summary)
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