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A
anubhav868-gmail
November 3, 2020
Question

How to create an Export GST Sales Invoice in Quickbooks online?

  • November 3, 2020
  • 1 reply
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1 reply

S
ShiellaGraceA
November 3, 2020

Thanks for reaching out to us today, @anubhav868-gmail.

 

I'll share the steps on how you can pull up Exports GST report. QBO has a report called GSTR1-6. Exports. It's where you can view transactions where the place of supply is set to other territory, transactions with or without tax.

 

Here's how to get there:

 

  1. Go to Reports on the left menu.
  2. Select All Reports tab.
  3. Enter GSTR1-6. Exports.

You can also create reports by clicking on Taxes > View Reports > Report name > Run Report.

 

Need more details? Check out the links below:

 

Keep me posted if you still have questions or concerns. I'll be around to assist you some more. Stay safe and have a great day ahead.

A
anubhav868-gmailAuthor
November 3, 2020

Hi, GSTR-1 report will fetch details of overall invoices.

 

What I need to know is how to create a sales invoice will "place of supply - outside India"?

 

If by selecting "other territory" equals to "outside India", then under GST for export invoices, the taxpayer is not supposed to charge tax from the customer based outside India. Which means, the sales invoice should have the option to show GST separately (not to be included in final amount). The taxpayer will pay it separately while filing GST.  This is not currently seems to be possible in your invoice template format.

 

 

C
ChristieAnn 11
November 3, 2020

Hi there, anubhav868-gmail.

 

Even if you set the place of supply under other territory as equals to outside India, there's still tax under GST1. This is because they have provisions in their GST law. With this, the purpose of the place of supply is to determine the place of supply of goods in domestic transactions. Accordingly, the following are the rules to determine the place of supply of goods other than imports or exports.

 

As per the GST definition, the liability to pay taxes arises at the time and place of supply. Both time and place of supply depend upon whether the supply is intra-state or inter-state. Therefore, to guide the taxation under GST, the law lays down provisions regarding the nature of supply, place of supply of goods, place of supply of services, time of supply, and value of supply. So, to understand each of these, it’s first important to know what is a place of supply. 

 

To determine the tax liability under GST, one needs to check for not only the goods or services that are chargeable to tax. You'll need to look into the goods or services that are exempt from tax. Thus, the taxpayers need to understand not only the provisions regarding exemptions but also their implications to avoid its wrong application. So, before jumping to the list of GST exempted services, let’s first define what is an exempt supply under GST. To see more details, you can click this article: GST Exemption List For Services: A Detailed Guide.

 

Please refer to this article to view information about the component reports in the GSTR1: Know more about GSTR-1 Summary and Detailed reports in QuickBooks.

 

Post a reply below if you have other concerns or questions about taxes in your QBO account. I’m more than happy to help you out again. Have a good day ahead.

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