Export - FOB Value - Accounting

Fareed (Accountant) (90 Points)

02 February 2022  

Dear Experts,

X Pvt Ltd, Export company, raising Invoice under Terms as CIF
Kindly clarify whether invoice should be shown as Cost, Freight & Insurance  Separately.

Also we would like to know whether cost price alone should in GSTR-1 While filing GST or Should be included in Freight & Insurance as Sales Value.

Thanks & Regards

Fareed