Calculation vat and cst
This query is : Resolved
19 November 2011
Hi,
Can anyone tell me should we consider transportation and insurance charges under cst and vat for calculation.
Can anyone tell me should we consider transportation and insurance charges under cst and vat for calculation.
19 November 2011
No these are services, so should not consider for cst and vat i.e these are should be excluded.
19 November 2011
VAT / CST not required to caluculate on Transport and Insurance , It comes under service tax perview...If the transport charges included in the sale price VAT / CST will be applicable on total value of the sales invoice
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