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)

AI Summary

Clarification on GST Reporting: Advances for 0% Tax Export Under LUT Not Required in GSTR-1; Report Upon Invoicing. A participant inquired about the reporting requirements in GSTR-1 for advances received for the export of goods at a 0% tax rate under the Goods and Services Tax (GST). The response clarified that if the export is under a Letter of Undertaking (LUT), the advance does not need to be disclosed in GSTR-1. Instead, the transaction should be reported when the invoice is issued.