How to prepare Invoice for export in GST ?

How to prepare Invoice for export in GST :

Posted on 21-07-2017

Endorsement in GST Tax Invoice under Exports :

The below procedures are same as central excise procedures for movement of goods for export, previous to introduction of GST except slight changes in procedures. 

Some of the questions will arise in mind. 

• How to prepare Invoice for export if GST involved? 
• Is Invoice prepared as normal for export purpose also? 
• Are there any changes to be effected in Export Invoice, if GST involved?
• Whether IGST should included in invoice or not?
• Whether to give bill of supply if IGST not shown in export invoice?

All confusions solved here.. 

As you know, export of goods from India attracts nil GST. However, if GST is paid at any point of time against exports from India can be either refunded or can be exported under bond without paying GST.

If IGST is involved on any exports from India, the Export Invoice has to be reflected an endorsement as “Supply meant for Export on Payment of IGST” or “Supply meant for Export under bond without payment of IGST”.

Any movement of goods for export where IGST is leviable can be effected in two methods. 

• Either the exporter from India can pay IGST in advance and gets refund later after exports by submitting required documentary proof for exports or 
• the exporter can execute a bond against IGST leviable against such goods. 

If a bond is executed by an exporter against IGST payable against such export goods, the exporter can cancel such bond by producing required proof of documents of exports. 

The contents in Export Invoice :

The contents in Export Invoice remains same except inclusion of following information:

1. An endorsement in Export Invoice as “SUPPLY MEANT FOR EXPORT ON PAYMENT OF IGST” or “SUPPLY MEANT FOR EXPORT UNDER BOND WITHOUT PAYMENT OF IGST”, as the case may be, and shall, in lieu of the details.

2. Name and address of the recipient

3. Address of Delivery

4. Name of the country of Destination

5. Number and date of application of removal of goods for Export (ARE-1)

As per recent developments in international trade, instead of Export Invoice and Export packing list, a single document called ‘Export invoice cum Packing list’ is accepted in customs and other authorities worldwide.