Valuation rate for exports for GST audit??????
A. CBEC rate
B. RBI rate
C. rate on advance recipe date
D. rate on invoice date
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GST Audit related query
Replies (3)
Quick Summary
Your query is not clear
RBI exchange rate is used for both export and import but the transaction is not in nri for valuation supply
Exports under GST are valued at exchange rate mentioned in shipping bill for export
The freight and insurance amount charged forms part of turnover in GST, however the assessee has option to consider or not the freight and insurance amount as part of revenue from operation under Income tax
The freight and insurance amount charged forms part of turnover in GST, however the assessee has option to consider or not the freight and insurance amount as part of revenue from operation under Income tax
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