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INVOICE FOR EXPORT SERVICE WITHOUT PAYMENT OF GST
How to raise and what is the conversion rate in export invoice for Indian rupees for Gst return for export of service for without payment of gst.
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Export of GOODS the exchange rate on shipping bill is taken from Custom (Published on weekly basis) . Refer Section 14 of custom act .
> On export of SERVICES , Generally Exporter takes the Exchange rate of RBI . But As there is no hard & fast rule in opting exchange rate of RBI only , So you can also take Custom rate of Exchange for Export of Services, The difference can adjusted Under Head "FLUCTUATION IN EXCHANGE"
Note : Many small exporter of Services also take the Bank Exchange Rate also.
Note : It's better take the Exchange rate of RBI
> On export of SERVICES , Generally Exporter takes the Exchange rate of RBI . But As there is no hard & fast rule in opting exchange rate of RBI only , So you can also take Custom rate of Exchange for Export of Services, The difference can adjusted Under Head "FLUCTUATION IN EXCHANGE"
Note : Many small exporter of Services also take the Bank Exchange Rate also.
Note : It's better take the Exchange rate of RBI
Which exchange rate is applied in case amount received date and invoice date is different in case of export ?
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