IGST on Export

Import / Export 202 views 5 replies
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WORKING WITH CA FIRM
24 Points Joined October 2013

 

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

 

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On 10 April 2020 at 21:00 Report
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227 Points Joined March 2018
Taxable amount 7000 and invoice value 7700
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On 10 April 2020 at 21:38
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Chartered Accountant
12739 Points Joined December 2016

FOB value shall be shown 

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On 10 April 2020 at 22:39
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404 Points Joined January 2020
FOB 7000 VALUE IN GSTR-3B AS WE ARE PAYING TAX ON IT AND INVOICE VALUE 7700 in gstr-1 as it is invoice value..IS this view correct?
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On 10 April 2020 at 22:53
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227 Points Joined March 2018
Yes!!
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On 11 April 2020 at 05:59
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Job
15 Points Joined January 2019
FOB value of 7000 should be shown in gstr3b, where as in gstr1 need to show taxable value as 7000rs and in additions as 700, put together Invoice value will be 7700...
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On 11 April 2020 at 09:04


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