Shipping Bill - IGST Value

How IGST value derived in Shipping Bill ???
Replies (4)
Quick Summary
This discussion clarifies how the IGST value is determined for a Shipping Bill. It explains that the transaction value, used for IGST calculation, is derived from the exchange rate multiplied by the dollar amount paid. The post also confirms that for CIF contracts, the cost of freight and insurance should be added to the FOB value to arrive at the correct transaction value for IGST purposes.

Exchange Rate x No.Dollar paid = transaction value

I think  if  supply is  Under CIF contract , then  that  value also should be added  in transaction  Value  for  calculation  of   IGST , 

Yes can be FOB value + Freight + Insurance or
Exchange Rate (on shipping bill) × Dollars Paid (Mentioned in shipping bill)
In above both value will be same .

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
Featured ARTICLESHIP 31 October 2026
CA Articleship

apricus india

Navi Mumbai

CA Inter

View Details
Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details
Company
02 November 2026
Audit Executive

SRJP & Co LLP

Kochi

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details