Question 17: An assessee have filled a refund
claim by manual submission of GST RFD-
Q1A. In statement 3A - Computation of refund to be claimed which is as follows:-
| Turnover of zero rated supply of goods and services (1) | Net input tax credit(2) | Adjusted total turnover (3) | Refund amount (1*2/3) | |
| Integrated Tax | 23070847.3 | 367394 | 26413202.3 | 320904 |
| Central Tax | 1501435 | 1311442 | ||
| State / UT Tax | 1501435 | 1311442 | ||
| CESS | 0 | 0 |
Kindly clarify whether Total Taxable Value of
zero rated supply of goods and services or Total Invoice Value of zero rated
supply of goods and services (which is the summation of taxable value, freight
and insurance) should be fitted in column (1).
Answer For Determination of taxable value, Section 15 of CGST act with
CGST rules 27 to 35 applies. These section or rules are not making any
discrimination for valuation for the purpose domestic supply or supply for the
purpose Export. According to this section value includes all incidental expense
if charged by supplier.
Thus the freight and Insurance will form part of value if it is in accordance of
above provisions.(REPLY dt. 20/02/2018)