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Export sale value in GST return

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CA-Final Student
801 Points Joined October 2017
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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On 17 October 2019 at 19:50 Report
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Chartered Accountant
1996 Points Joined April 2013
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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On 17 October 2019 at 20:04
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GST Practitioner
55067 Points Joined June 2017
The value on Shipping Bill.
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On 18 October 2019 at 00:03
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CA-Final Student
801 Points Joined October 2017
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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On 18 October 2019 at 18:16

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