GST EXPORT TAX INVOICE

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93 Points Posted on 07 August 2023

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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On 07 August 2023 at 14:44 Report
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Quick Summary
This discussion clarifies how to handle GST on export tax invoices, particularly when freight charges are involved. It explains that if freight is included in your invoice (CIF basis), IGST should be applied to both the FOB value and the freight cost. However, if the shipment is not on a CIF basis, IGST is only applicable to the FOB value.

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"Do the Right Thing...!!!"
128157 Points Posted on 07 August 2023
If You are charged the Freight in the invoice then its Rs.120000/-
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On 07 August 2023 at 14:52
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582 Points Posted on 18 August 2023
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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On 18 August 2023 at 05:48

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