LUT exports, FX and FIRC — billing for service exporters
Invoice overseas clients in USD/EUR/GBP under LUT, capture the export declaration GSTR-1 needs, and keep your zero-rated supplies in the right table — without manual rework at filing.
Free for 3 months · no card required · export your data any time
Sound familiar?
You bill foreign clients and aren't sure your zero-rated exports are reported right.
Exchange rates and the rupee equivalent have to be correct for the books.
LUT exports need the right declaration on the invoice and in GSTR-1.
You don't want IGST charged on a genuine export under LUT.
How BillForge handles it
Multi-currency invoices
Raise invoices in USD / EUR / GBP; the exchange rate auto-fetches (RBI/ECB) for the invoice date and the PDF, pay page and GSTR-1 show the right symbol and rupee equivalent.
LUT export declaration
Mark an invoice as an LUT export and BillForge prints the Rule-46 export declaration and keeps the supply zero-rated — no IGST charged on a genuine export.
Export details into GSTR-1
Shipping Bill No / Date / Port Code flow into the GSTR-1 EXP section (JSON + CSV); zero-rated exports are bucketed separately from domestic supplies.
Zero-rated, reported right
Exports land in GSTR-3B 3.1(b) and the GSTR-1 export tables — kept out of your domestic taxable turnover so the two returns reconcile.
Books in rupees, billing in FX
Every foreign-currency invoice carries its rupee value for your ledger, P&L and reconciliation, so your accounts stay in INR while you bill abroad.
CA portal + statements
Your CA gets the read-only portal and your original bank/PayPal statements, so verifying export realisation is a click, not a thread.
Start in a few minutes
- 1
Save your export details once
In Settings, add your IEC code, your LUT number and the date the LUT is valid till. New export invoices are pre-filled.
- 2
Invoice in the client's currency
Pick USD, EUR or GBP; the exchange rate for the invoice date is fetched and the rupee value is kept for your books. A Pay-with-PayPal button lets the client pay in a click.
- 3
Match what arrives
Import your bank statement and PayPal file; the rupees received are matched to each export invoice with fees and the currency difference split out.
Free tools you can use right now
No sign-up. Same calculation engine as the invoices.
Questions
Can I invoice in foreign currency?▾
Yes — USD, EUR and GBP, with the exchange rate auto-fetched for the invoice date and the rupee equivalent kept for your books.
Does it handle LUT (export without IGST)?▾
Yes — mark the invoice as an LUT export and BillForge prints the export declaration and keeps the supply zero-rated, with no IGST charged.
Are exports reported correctly in GST returns?▾
Exports go to the GSTR-1 export tables and GSTR-3B's zero-rated row, kept separate from domestic turnover so the returns reconcile.
Where do I enter my IEC code and LUT number?▾
Once, under Settings, Company, Statutory Registrations. New export invoices are pre-filled with them and you can still change them on a single invoice.
Can the client pay by PayPal?▾
Yes. Export invoices can carry a Pay-with-PayPal button, and the PayPal payout is matched back to the invoice with fees and the currency difference split out. A payout still in dollars is not booked until it is withdrawn to your bank.
Rules and rates change and depend on your situation. This page is general information, not tax advice; your CA should review what you file.
Stay compliant without the busywork
Correct GST + TDS, reconciliation that matches, and a read-only link for your CA — built for the way you actually work.