Advance received for Export of Goods - GST

[Kannaiyan g]

Request you to kindly confirm where need to show in GSTR-1 for advance received for Export of Goods ( 0% Tax).

Also confirm whether needs to show in GSTR-1 RETURN OR NOT ( Like local advance)

[Shilpi Jain]

Where export under LUT advance need not be disclosed. When invoice is issued the same can be disclosed.

AI Summary

Advance for export under LUT need not be reported in GSTR-1; disclose only upon issuance of the export invoice. Where exports are undertaken under a Letter of Undertaking and treated as zero-rated supplies, an advance receipt need not be disclosed in the GSTR-1 at the time of receipt; the transaction may be disclosed in GSTR-1 when the export invoice is issued.