Export of Service - Invoice Currency

[Sahil Shah]

Dear Experts,

If my export of service invoice raised on client is in USD, how to show that amount in GSTR-1? Because in GSTR-1, they are asking for INR amount in Invoice value tab.

(Note - My transaction is Export of service without payment of tax under LUT)

Thanks in advance.

AI Summary

Export of service invoice currency: convert foreign invoice to INR using the invoice date exchange rate for GSTR 1 reporting.
Export of services invoiced in a foreign currency must be reported in GSTR-1 in Indian rupees by converting the invoice value using the exchange rate prevailing on the invoice date. Permissible sources for the conversion rate include official exchange-rate notifications, published newspaper rates, the taxpayer's bank rate, or the reference rate ordinarily used for services; taxpayers should adopt a consistent, documentary exchange rate for GSTR-1 invoice-value reporting.