Dear Sir,
Subject : Export of goods by sea/air with freight on payment of IGST
e.x. custom invoice fob value: Rs 1000,00
freight : Rs 20,000/-
GST tax invoice : Taxable value will be Rs 100000 or 120000/-
kindly advise.
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GST EXPORT TAX INVOICE
Replies (2)
Quick Summary
If You are charged the Freight in the invoice then its Rs.120000/-
You can charge IGST on Both FOB Value and freight if shipment is based on CIF (Cost,Insurance and Freight) otherwise IGST is charged on FOB only.
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