Frieght and insurance to be included as composite supply

[Sudhir M]

Company adopt a composite GST rate for the total invoice value, or apply separate GST rates for each individual component (i.e., goods, freight, and insurance) in the export invoice

What HSN/SAC code and corresponding GST rate should be applied to the freight and insurance components included in the export invoice under the IGST payment route?

Is the Company eligible to claim a refund of the IGST paid on the freight and insurance components of the export transaction?

AI Summary

Composite supply treatment for freight and insurance allows uniform GST rate and refund eligibility on the full export invoice value.
Freight and insurance incidental to exported goods, when included in the invoice price, may be treated as a composite supply with the goods as the principal supply, permitting application of the same HSN classification and GST rate to the entire invoice value; IGST paid on the total invoice, including freight and insurance, is refundable under the IGST payment route subject to compliance with statutory refund conditions and required export documentation.