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TMI BlogWhich shipping value to show in GSTR-1X X X X Extracts X X X X X X X X Extracts X X X X ..... Which shipping value to show in GSTR-1 X X X X Extracts X X X X X X X X Extracts X X X X ..... f IGST. My question is which figure of the shipping bill should i declare in my GSTR-3B and GSTR-01 under table 6A - FOB value or IGST tax value ? Please note that in the shipping bill , the IGST amount shown has been calculated on the basis of taxable value whereas if i show FOB value in GSTR-3B, actual IGST payable will become different. I have been asked to show FOB value in GSTR by some trade ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... people. For one of my previous invoice also the same thing happened and i declared the FOB value in GSTR but since my IGST refund is still pending for that invoice so I am not sure what to do? Please advice Reply By Rajagopalan Ranganathan: The Reply: Sir, Since you declare the value in GSTR-1 & GSTR-3B as per your invoice, you have show the value on which IGST is calculated. Otherwise at the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... time of sanction of refund the Department may raise objection that the value shown in your invoice does not tally with the value shown in GSTR-1 & GSTR-3B.
Reply By YAGAY andSUN:
The Reply:
In our view while issuance of Tax Invoice for exports, the Exchange Rates as issued by CBIC, on bi-monthly basis must be used to cope with such issues. X X X X Extracts X X X X X X X X Extracts X X X X
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