Invoicing in Case of Export

This query is : Resolved

SUDHEEP M (Querist)
Follow

24 January 2022 Sir,

I am normally a domestic supplier holding IE code. Now I want sold laptop to a concern in abroad ( say for example in Dubai). Then I want to know how to invoice the same?. Whether I have to collect full tax as IGST in the bill and apply for refund or whether possible to invoice goods without tax?.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

24 January 2022 No need to collect igst in the bill. Mention in the export invoice as export with igst payment.
Pay igst and claim refund.

See the link for export invoice.

https://quickbooks.intuit.com/in/resources/gst-center/export-invoice-under-gst/#:~:text=Export%20by%20Paying%20IGST%20and%20Claiming%20Tax%20Refund%20Later&text=Since%20exports%20are%20zero%20rated,credit%20on%20goods%20and%20services

CA Altamush Zafar

CA Altamush Zafar (Expert)
Follow

25 January 2022 Better take LUT and export without tax if it is a single transaction. If it is continuous transaction then you can take any method which suits you i.e export with payment of tax or export without payment of tax under LUT

Upgrade to CAclubindia Pro. Subscribe Now!

R. B. Yadav (CMA, LLB)

R. B. Yadav (CMA, LLB) (Expert)
Follow

25 January 2022 As explained by Mr. Zafar, It is better to file the letter of undertaking(LUT) before doing the export and do the export without payment IGST. If you do the export with payment and claim the refund thereafter, it will take time to get the refund back.