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Export sale value in GST return


Pardeep Garg (CA-Final Student)     17 October 2019

Pardeep Garg
CA-Final Student 
 51 likes  784 points

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hi there!
In case of export which value should I record in books of account and in GST return as sales: FOB or CIF?

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CA Dhruva Kalamanji (Chartered Accountant )     17 October 2019

CA Dhruva Kalamanji
Chartered Accountant  
 89 likes  1879 points

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Both the cases it is transaction value. meaning can ne anything like fob or cif. but needs to be determined by transaction agreement

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Pankaj Rawat (GST Practitioner)     18 October 2019

Pankaj Rawat
GST Practitioner 
 3415 likes  46358 points

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The value on Shipping Bill.

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Pardeep Garg (CA-Final Student)     18 October 2019

Pardeep Garg
CA-Final Student 
 51 likes  784 points

View Profile | My Other Post

E.g.
fob in shipping bill is 30,000
freight is 15,000
CIF is 45,000.

Reportable amount in GST return and in books of accounts.


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