Dear expert
We are manufacturer and supplying goods to SEZ unit under LUT. One of our SEZ customer requested to supply goods in USD. Please let me know
1. Is this allowed
2. Are we need to raised GST invoice in USD.
If this is allowed please share circular \ Act \ Rules references
GST Invoices for SEZ Supplies: Experts Advise on Using USD and Aligning with Commercial Documents Under LUT A manufacturer supplying goods to an SEZ unit under LUT inquired about issuing invoices in USD. An expert clarified that GST rules do not explicitly allow GST invoices in USD, but a commercial invoice can reflect the USD amount. Another expert confirmed that invoices for exports to SEZ can be in USD or any convertible currency, citing the Foreign Trade Policy. They advised issuing GST invoices with a note indicating the supply to SEZ under bond/LUT. The discussion highlighted the importance of aligning commercial and GST invoices to avoid mismatches and facilitate bank regularization. (AI Summary)
TaxTMI 
TaxTMI 
