FOR VALUE FOR DEEMED EXPORT

[satish padhiyar]

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

[YAGAY and SUN]

No you can't as tax is payable to the Government. Full revenue sales i.e. total bill value including tax minus Tax will be taken as value for deemed export.

[DR.MARIAPPAN GOVINDARAJAN]

For the valuation purpose the CGST, SGST and IGST will not be included.

AI Summary

Valuation for deemed export: exclude IGST and other GST components when computing invoice value net of tax.
Taxes charged on the invoice, including IGST, CGST and SGST, are excluded from the value for deemed export; the value is the invoice or bill amount net of the tax component and such tax amounts payable to the Government must be deducted when determining the deemed export value.