FOR VALUE FOR DEEMED EXPORT

[satish padhiyar]

PL ADVICE CAN WE CONSIDER IGST AMOUNT for THE CALUCATION OF FOR VALUE IN DEEMED EXPORT.

AI Summary

IGST Exclusion in FOB Value Calculation for Deemed Exports Confirmed; Only Total Bill Minus Taxes Counts A discussion on a forum regarding the calculation of FOB (Free on Board) value for deemed exports addressed whether the IGST (Integrated Goods and Services Tax) amount should be included. The consensus from two responses was that IGST, along with CGST (Central Goods and Services Tax) and SGST (State Goods and Services Tax), should not be included in the valuation for deemed exports. The total bill value minus the tax amount is considered for calculating the deemed export value.