QUESTION

Sir, We are creating invoices for supply of goods for export and for domestic clearance.Now please advise for creation of these invoices to be taken under export series of under domestic series; 1. Supply to EOU i.e supply of goods under deemed export. 2. Supply to merchant Exporter on concessional rate of GST @ 0.1% of GST. Please reply.

ANSWER

As per Law there is no specified series of invoices. But from an accounting point of view you can maintain separate series for domestic and export supplies for your convenience.

1. Supply to EOU: Domestic series of invoice can be used or you can maintain separate series for deemed export. Mention on Invoice "Supply to EOU/ Supply under Deemed Export".

2. Supply to Merchant exporter: Domestic series of invoice can be used for supply of goods to Merchant Exporter or you can maintain separate series for deemed export. But mention on invoice "Supply to Merchant Exporter under Notification No. 40/2017 Central Tax (Rate)".(Reply dt.11/3/2020)