Complete GST lifecycle on one platform Complete GST lifecycle on one platform
Hyper-automation Hyper-automation
Smart reports & recon Smart reports & recon
Accurate filing Accurate filing

ClearTax GST Software- How to Create Export Invoices

Updated on: Apr 8th, 2022

|

5 min read

social iconssocial iconssocial iconssocial icons

How to Create Export Invoices

To create an Export invoice, follow the below steps:

  • Select the option of ‘Sales Invoices’ on your dashboard
1
  • Now, you will get the option to create different kinds of sales documents
  • If you want to make a bill for any goods, then click on ‘New Export Invoice’
2

 But first, let us understand these fields:

  • For Invoice No, write the serial number of the bill
  • If you have not set the serial number of bills, then click on Set Sequence
  • Then, choose the GSTIN for which you want to make the bill and set a prefix such as EXP or series start such as 001 and then save. Or, if you have set prefixes earlier, these will appear automatically
3
  • Set the invoice date
  • Select the Export type carefully

Let’s understand each option under Export Type

Deemed Exports– Those transactions in which goods supplied do not leave the country, and payment for such supplies is received either in Indian rupees or in free foreign exchange. For example- supply of goods by a DTA (Domestic Tariff Area) to EOU (Export Oriented Unit) is within India still deemed as an export of goods or services

Export under Bond/ LUT– Supply goods or services, or both, under bond or Letter of Undertaking, without payment of IGST, and then claim a refund of unutilized ITC on purchases of inputs used for supplying the exported goods or services

Export with IGST–  Any exporter or United Nations or Embassy or other agencies/bodies who supply goods or services, or both, paying the IGST, can claim the refund of such IGST paid on the supplied goods or services, or both.

SEZ– Since the supply of goods or services to SEZ is treated as zero-rated supply, hence no IGST will be paid. Enter GSTIN of the receiver, country of supply will be India, the currency will be INR.

  • Under Due Date, write the date when you will collect payment against the sale but filling this detail is not mandatory
  • For Reference Number, add any information relevant to you such as Order number etc
  • Mention the number, date of shipping bill issued by customs authorities for clearances. It is to be noted that even if the details are not available you may create an export bill, however you must mention the details before applying for claim of refund of taxes paid
  • Enter the code of the shipping port. For example AEAU for Abu Dhabi
  • Enter Customer name, if not saved earlier create a new contact
  • Shipping address will be the address where the goods have been shipped
  • Country of Supply will be the country where goods have been supplied and delivered
  • Set the Conversion rate, this rate will be mentioned on the bill of export or export manifest issued by the custom authorities
  • Enter the item details, create a new item if needed
  • As you can see the total value of the bill will be available ,in terms of INR and Foreign Currency
  • After you have filled all the fields, click on save
screenshot of tax-invoice
  • After saving the invoice, you will find an option to print the bill, click and fill details of your business address and the invoice is now ready to be printed
inline CTA
India’s Fastest and Most Advanced 2B Matching
Maximise ITC claims, use smart validations to correct your data and complete 2B matching in <1 minute
CONTENTS

Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.

Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.

CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.

Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.

Cleartax is a product by Defmacro Software Pvt. Ltd.

Company PolicyTerms of use

ISO

ISO 27001

Data Center

SSL

SSL Certified Site

128-bit encryption