25 July 2012
As per Sales Order, freight @ Rs. 20.00 per K.G. is paid by the buyer. But actual freight paid to transporter by the seller is Rs. 5.00 Per K.G.
So what is the accounting treatment for Rs. 15.00 (Balance Amount)?
Whether the Service tax on Actual Freight is paid or as per Sales Order i.e. on Rs. 20.00 is paid?
CAclubindia
