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Export invoice format

Exports are zero-rated under GST. Most exporters supply under a Letter of Undertaking (LUT) and charge no IGST, and the invoice must carry the LUT endorsement and the export details that customs and the GST portal check.

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Export invoice format · example

FromMalabar Spice Exports
ToHudson Fine Foods LLC
CurrencyINR
DescriptionQtyPriceAmount
Black pepper, whole, MG-1 grade, 25 kg bags (HSN 0904)40₹16,500.00₹6,60,000.00
Green cardamom, 8 mm bold, 10 kg cartons (HSN 0908)12₹26,000.00₹3,12,000.00
Total₹9,72,000.00

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How to use the export invoice format

  1. Add your business, GSTIN and IEC, and the overseas buyer.
  2. List the goods or services with HSN or SAC, and set GST to zero.
  3. Put the LUT endorsement and its reference in the notes.
  4. For goods, add ports, Incoterms and later the shipping bill, then save.

Export invoice format

  • Title "Tax invoice" with the LUT endorsement
  • Exporter name, address, GSTIN and IEC
  • Invoice number and date
  • Buyer name and full address abroad, and country of destination
  • Description, HSN or SAC, quantity, unit and value
  • Invoice currency and the rupee value for GST
  • IGST at 0% under LUT, or at the applicable rate if paid
  • Port of loading, port of discharge and final destination, for goods
  • Shipping bill number and date, once available
  • Incoterms and payment terms
  • Signature

LUT or IGST paid?

Under LUTOn payment of IGST
IGST on the invoiceZeroCharged at the applicable rate
Cash flowNo tax paid up frontTax paid, then refunded
Refund claimedUnutilised input tax creditIGST paid; for goods, processed through the shipping bill
EndorsementUnder bond or LUT without payment of integrated taxOn payment of integrated tax

Questions

What is an LUT?

A Letter of Undertaking filed online in Form GST RFD-11 for each financial year. It lets you export goods or services without paying IGST, instead of paying IGST and claiming it back as a refund.

What wording must an export invoice under LUT carry?

Rule 46 requires the endorsement "Supply meant for export under bond or letter of undertaking without payment of integrated tax", commonly written as "Supply meant for export under LUT without payment of IGST", with the LUT reference. Exports with IGST paid say "on payment of integrated tax" instead.

Can I invoice in US dollars?

Yes. Export invoices are normally raised in the buyer's currency, and LuckPanda lets you choose it; the value is converted to rupees for GST returns. This page shows rupees so the GST fields are easy to follow.

When is an export of services zero-rated?

When the supplier is in India, the recipient is outside India, the place of supply is outside India, payment is received in convertible foreign exchange (or in rupees where RBI permits), and the two are not merely branches of the same person.

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