GST TRANSACTION VALUE UNDER GST -REFUND UNDER ZERO RATED SUPPLY

[MAHESHA MS]

Sir/Madam,

We had applied for refund under export of goods with out payment of tax and we had consider invoice value ( ex 100 $ *60 = 6000 in shipping bill also reflected invoice value 100 $*60=6000) but GST officer had issue partial rejection order since they were consider FOB value in shipping bill.

Please clarify the above at the earliest.

[KASTURI SETHI]

What percentage of refund has been rejected ?

[PAWAN KUMAR]

Dear sir,

Request to plz provide break up of invoice and transactions details.

[MAHESHA MS]

Dear Sir,

Example -They are consider 95 $ 60=5700 since 5$ is freight charges

[KASTURI SETHI]

Refund of tax paid on amount of freight is sanctioned and credited into Electronic Credit Ledger and not in cash. Freight is incurred up to the port and not beyond port.

[PAWAN KUMAR]

dear Sir,

refund is granted only on FOB value which will be pure amount exclusive of freight and insurance.

AI Summary

GST Refund Query: Officer Partially Rejects Export Refund, Uses FOB Value Instead of Invoice Value with Freight Charges A discussion on a forum addressed a query about a refund under zero-rated supply for exported goods without tax payment. The issue arose because the GST officer partially rejected the refund, considering the FOB value instead of the invoice value, which included freight charges. One respondent clarified that refunds are based on the FOB value, excluding freight and insurance, and any tax paid on freight is credited to the Electronic Credit Ledger, not refunded in cash. Another respondent requested a detailed breakdown of the invoice and transaction details to further assist.