TaxTMI 
TaxTMI 
We are manufacturing Pharmaceutical Machinery. We are dealing in Domestic Sales as well as Export. Now, we have to clear export consignment wherein we have to generate EInvoice on 31.03.23 . Please note that material to be cleared without payment of GST (Under LUT). If my shipping bill for this consignment is passed in April-23 and Consignment sent in April-23. In this case can we consider this turnover in our FY 22-23 or FY 23-24 also let us know how this case will reflect in GST.
EXPORT CONSIGNMENT
24 Mar 2023 
5 Replies 
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Timing of supply: invoice issuance can fix GST year even if physical export occurs later, subject to readiness for supply.
Timing of supply for GST is governed by invoice issuance when goods are ready for supply; an invoice issued before removal is treated as supply in that tax period even if dispatch occurs later. If goods are not ready, invoice should not be raised. Accounting recognition under AS 9/Ind AS 18 depends on transfer of significant risks and rewards and may differ from GST timing, creating reconciliation differences between GST turnover and book revenue. (AI Summary)
Timing of supply for GST is governed by invoice issuance when goods are ready for supply; an invoice issued before removal is treated as supply in that tax period even if dispatch occurs later. If goods are not ready, invoice should not be raised. Accounting recognition under AS 9/Ind AS 18 depends on transfer of significant risks and rewards and may differ from GST timing, creating reconciliation differences between GST turnover and book revenue. (AI Summary)