https://www.taxtmi.com/forum/issue?id=116088 Invoicing should follow the commercial agreement; exports can be treated as zero rated supplies by furnishing a LUT to avoid payment of IGST, or supplies can be made with tax payment and subsequent refund claimed. Accounting must record the invoiced sale value to the overseas buyer and separately allocate the margin among Indian partners per the agreement, with compliance centered on export classification and supporting documentation. en-us Mon, 02 Mar 2020 22:32:13 +0530 Thu, 23 Jan 2025 15:54:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116088 Invoicing should follow the commercial agreement; exports can be treated as zero rated supplies by furnishing a LUT to avoid payment of IGST, or supplies can be made with tax payment and subsequent refund claimed. Accounting must record the invoiced sale value to the overseas buyer and separately allocate the margin among Indian partners per the agreement, with compliance centered on export classification and supporting documentation. Discussion-Forum GST Mon, 02 Mar 2020 22:32:13 +0530 https://www.taxtmi.com/forum/issue?id=116088