The OE GST Liability Export Invoice Report in Sage Intacct is an essential financial and compliance document designed to support businesses in managing Goods and Services Tax (GST) obligations for export transactions.
For export invoices, this report offers a printable format that is clear, organized, and GST-ready, guaranteeing precise GST liability computation and reporting. In compliance with relevant GST legislation, it assists companies in accurately identifying and recording export supplies, zero-rated transactions, and taxable amounts.
By providing important information such as customer details, invoice values, tax treatment, and multi-currency amounts in a consistent format, the report improves export invoicing’s transparency, audit readiness, and consistency. For businesses involved in exporting and cross-border trade, where accurate GST reporting and classification are essential, it is quite beneficial.
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In this blog, we are going to discuss about the OE GST Liability Export Invoice Report in Sage Intacct.
In the OE module, you can generate the OE GST Liability Invoice Report in just a few steps. Select the transaction and click the “Print Tax Invoice” button (Refer Fig.1). A dropdown will appear with a list of available report (Refer Fig. 2).From the list, choose “Portrait – GST Liability -Export Invoice ”. Click the “Print Report” button (Refer Fig. 3). The system will then generate the GST Liability Export Invoice Report in the selected format (Refer Fig 4).
The GST Liability Export Invoice Report in Sage Intacct with India Localization captures essential fields from the Order Entry module’s Sales Invoice screen and can be tailored to meet specific business requirements. It covers the following details:
et specific business requirements. It covers the following details:
- Purpose of the Document :
The OE GST Liability Export Invoice Report is an official sales and tax document generated for export transactions. It facilitates GST compliance under exporting goods and services and acts as a legal and financial record of outgoing supplies made to foreign clients. Accurate tracking of GST liabilities, export reporting, audit readiness, and documentation for statutory and regulatory requirements are all made easier by the report. It guarantees that export invoice data is constantly captured and reported by Sage Intacct in accordance with e-invoicing and GST regulations.
- Company Details :
Capturers essential company details such as Company name ,address ,GST, Phone , CIN ,MSME and Email. - Invoice Details:
Fields include Invoice No. , Purchase Order Date, Purchase Order No., Payment Term, Ack No. , Ack Date, Invoice Date and Due Date. - Billing Details :
“Bill To” includes recipient’s address , GST Details , State name , Place of supply and Code . - Shipping Details :
“Ship To” includes recipient’s address , GST Details , State name , Place of supply and Code.
- Transaction Details :
Transaction table provides an itemized breakdown, including: - Sr No.
- Description of Goods/Services and Memo
- HSN/SAC Code
- Quantity
- Taxable amount
- Tax Rate
- Total Invoice Amount per line
- Additional Information :
The report also includes: - The IRN is automatically generated when the e-Invoicefor the Export Invoice is uploaded and generated through the e-invoicing portal.
- Total Tax Amount , Net Payable amount
- Bank Details
- Authorized Signatory Section
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