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Gstr1 invoice entry

Sridevi (Accountant) (380 Points)

04 June 2018

Hi All,

We are Manufacturers and are making Sales to Exporters at 0.1% Tax. While filing GSTR1 in B2B column, I entered it as normal Sales without selecting Deemed Exports Box. Does that become a problem in future or should I amend that in next month.

Also, when an Exporter is giving his Shipping Bill copy along with his Invoice, where the details of our Company is mentioned along with Invoice details, is it necessary to submit that to the Department or we have to show during Audit time.

Regards

Sridevi

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5 Replies

CA Shivam Arora (Chartered Accountant) (2414 Points)
Replied 04 June 2018

Export and deemed export are 2 different terms carrying different meaning. Please reframe your question.

Yes shipping bill should be submitted in GSTR-1 of the month in which shipping bill is received. Keep it handy for audit also.

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Sridevi (Accountant) (380 Points)
Replied 04 June 2018

My Question is, we are supplying our products to Exporters at 0.1% Tax Rate based on the conditions mentioned in Notification No - 41/2017 dtd: 23rd October 2017.

So, while submitting that Sales entry in GSTR1 - in B2B column, should we select the box mentioned as Deemed Exports or not.

Regards

CA Shivam Arora (Chartered Accountant) (2414 Points)
Replied 04 June 2018

In my view, this is not deemed export as per section 147and notification 48/2017. So no need to check deemed export box. Please cross check and verify the same whether you are falling into the category mentioned in the above notification.

Kumar Sushank (General Manager - Finance) (1040 Points)
Replied 02 July 2018

As per section 147 of CGST Act, If I am selling our product to someone who is exporter then we have to select Deemed Exports in our GSTR 1 with GST rate of 0.1%

@ CA Shivam Arora : If I am wrong then please let me know.

CA Shivam Arora (Chartered Accountant) (2414 Points)
Replied 03 July 2018

No this is not deemed export. If you are selling your product to an exporter then Govt. is giving you tax exemption in excess of 0.1% under notification 40/2017-CT(R). Such exemption is as per section 11 and not as per section 147. Section 147 is not here in the picture.