IGST on Export

TUSHAR GARG (WORKING WITH CA FIRM) (24 Points)

10 April 2020  

 

Please resolve my query related to export which are as follows:

 

Cost :USD100*70=Rs.7000

 

Freight: USD10*70=700

 

Total Invoice Value: USD 

110*70=Rs.7700

 

FOB Value : Rs.7000

 

IGST: Rs. 7000*12%= Rs.840

 

What is the taxable amount shown in GSTR-1 and GSTR-3B?

 

Thanks and Regards