We've upgraded AI Search on TaxTMI with two powerful modes:
1. Basic • Quick overview summary answering your query with references• Category-wise results to explore all relevant documents on TaxTMI
2. Advanced • Includes everything in Basic • Detailed report covering: - Overview Summary - Governing Provisions [Acts, Notifications, Circulars] - Relevant Case Laws - Tariff / Classification / HSN - Expert views from TaxTMI - Practical Guidance with immediate steps and dispute strategy
• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.Help Us Improve - by giving the rating with each AI Result:
Rate of exchange for cross currency valuation set; export invoicing endorsements and GSTR 3B reconciliation procedures clarified. The amendment prescribes exchange rate benchmarks for valuation: for goods, the Customs Board notified rate on the time of supply; for services, rates determined using generally accepted accounting principles on the time of supply. It mandates specific export invoice endorsements distinguishing taxed supplies from supplies under bond or letter of undertaking, requiring recipient and delivery addresses and country of destination. Where filing timelines are extended, the Commissioner may require FORM GSTR-3B; subsequent generation of FORM GSTR-3 Parts A and B and reconciliation rules apply, with excess input tax credit to be credited to the electronic credit ledger.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
<h1>Rate of exchange for cross currency valuation set; export invoicing endorsements and GSTR 3B reconciliation procedures clarified.</h1> The amendment prescribes exchange rate benchmarks for valuation: for goods, the Customs Board notified rate on the time of supply; for services, rates determined using generally accepted accounting principles on the time of supply. It mandates specific export invoice endorsements distinguishing taxed supplies from supplies under bond or letter of undertaking, requiring recipient and delivery addresses and country of destination. Where filing timelines are extended, the Commissioner may require FORM GSTR-3B; subsequent generation of FORM GSTR-3 Parts A and B and reconciliation rules apply, with excess input tax credit to be credited to the electronic credit ledger.
TaxTMI 
• Category-wise results to explore all relevant documents on TaxTMI
Help Us Improve - by giving the rating with each AI Result:
TaxTMI 
TaxTMI 
