Export Invoice in USD

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Proprietor
186 Points Posted on 08 July 2022
Dear All
In case of Export Invoice wrt Service:
Invoice were issued in US Dollor and payment is received after 30 days of Invoice.
what would be the value in INR to be shown in GSTR 1, i.e
how to convert the USD invoice to INR wrt to GSTR1 and on which date.
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On 08 July 2022 at 19:09 Report
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Quick Summary
This discussion addresses how to report export invoices issued in USD for services on GSTR 1. The key is to use the RBI exchange rate from the invoice date for conversion to INR. It also clarifies that an INR invoice copy should be attached, distinct from the export invoice used for customs clearance of goods. Exchange rate differences should be recorded in the books of account.

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915 Points Posted on 08 July 2022
INR invoice copy must be attached with export invoice, export invoice used customs clearance and movement of goods.
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On 08 July 2022 at 20:32
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Proprietor
186 Points Posted on 08 July 2022
This is case of service not an goods
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On 08 July 2022 at 22:28
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GST Consultant
15986 Points Posted on 12 July 2022

Take RBI exchange rate on the date of invoice and record exchange difference in books of account

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On 12 July 2022 at 09:30

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