29 September 2008
Relevat local vat laws to be referred as after introduction of vat the rules providing deduction for freight charges have been removed. Moreover it is very clear in cst act that if freight charges charged and collected separately in invoice does not form part of sale price.
one has to see whether such expenditure is pre-sale or post-sale expenditure.
recently in one of high court decision it has been held that, merely freight charges charged and collected spearately in invoice does not disqualify for the purpose of sale price. Therefore it has be decided whether it is pre-sale or post-sale exepnditure.
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