Export of zero rated supply-date of invoice or date of let export in shiping bill.

[Narendra Soni]

Dear Experts

We raised export invoice on 30.09.18 and moved the container for customs ICD for clearance and filling Shipping Bill..

Shipping bill let export made on dtd 01.10.18

Kindly suggest:- Would it be count as export sale in

1.GSTR-1 return for Sept.18

2.in Net Zero rated turnover and Adjusted total turnover for ITC Refund application for the month of Sept.18.

[SHIVKUMAR SHARMA]

Goods Cleared From the Business Premises on 30 .09.2018 & Invoice is prepared on 30.09.2018 so as per my view Transaction of export is to be shown in GSTR-1 of Sept 2018.

[Narendra Soni]

Sir, your opinion for GSTR-1 is appearing correct , please suggest for 2nd part of query:-

In the ITC refund claim which is based on formula=Net ITC during the tax period* Zero rated turnover during the period/Total adjusted turnover= refund amount

Kindly suggest whether the export of this invoice would be counted in Net Zero rated turnover and Adjusted total turnover for ITC Refund application for the month of Sept.18. OR will be added in the refund claim application for the month of Oct 18.

[SHIVKUMAR SHARMA]

When we shown the Transaction in GSTR-1 of Sept 18.Then the export of this invoice should be counted in Net Zero rated turnover and Adjusted total turnover for ITC Refund application for the month of Sept.18.

[Ganeshan Kalyani]

The transaction will be shown in GSTR-1 of September month.

[DR.MARIAPPAN GOVINDARAJAN]

I endorse the views of experts.

AI Summary

Timing of export recognition: invoice and despatch date govern inclusion in GST returns and zero rated turnover for refunds. Goods were invoiced and cleared from the premises on 30.09.2018 while the shipping bill let export was dated 01.10.2018; the transaction should be reported in the earlier period's GSTR return, and the export value counted in the zero rated turnover and adjusted total turnover for the ITC refund computation for that earlier period.