Shipping Bill - IGST Value
gyanesh yadav (14 Points)
04 September 2022
How IGST value derived in Shipping Bill ???
4 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 06 September 2022
Exchange Rate x No.Dollar paid = transaction value
prasad Nilugal
( GST Practitioner & Accounts )
(14805 Points)
Replied 07 September 2022
I think if supply is Under CIF contract , then that value also should be added in transaction Value for calculation of IGST ,
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 07 September 2022
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 .
Exchange Rate (on shipping bill) × Dollars Paid (Mentioned in shipping bill)
In above both value will be same .
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