Which shipping value to show in GSTR-1

[Ashish Agarwal]

I am an exporter. In one of my shipping bills, the FOB value and IGST Tax value are different due to exchange rate difference. FOB value ia taken @74.90/USD AND TAXABLE value @75.00. I am exporting with payment of 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 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

AI Summary

Exporter Queries Exchange Rate Discrepancies in Shipping Bills, Seeks Clarification on FOB and IGST Declaration for GSTR-3B/01. An exporter raised a query about discrepancies in shipping bill values due to exchange rate differences, questioning whether to declare the FOB value or IGST tax value in GSTR-3B and GSTR-01 under table 6A. The concern was that showing the FOB value could affect the IGST refund process. One response advised declaring the value on which IGST is calculated to avoid objections during refund sanctioning. Another suggested using exchange rates issued by CBIC for consistency in tax invoices for exports.