CST ON FREIGHT
This query is : Resolved
02 March 2009
Dear sirs,
Are CST applicable on Freight charges which charged by supplier in their Tax Invoice. If applicable then kindly give the rules copy.
Thanking you
Are CST applicable on Freight charges which charged by supplier in their Tax Invoice. If applicable then kindly give the rules copy.
Thanking you
02 March 2009
Cost of freight - Freight is includible only if (a) Freight is not shown separately in invoice or (b) Contract is for sale FOR destination. This aspect has been discussed in following paragraph, under 'Exclusions from Sale Price'.
Freight and delivery charges incidental to sale only are deductible - Freight and delivery charges allowable as deduction are only those which are incidental to sale. Thus, in case of sale of goods from depot, transport charges from factory to the depot cannot be allowed as deduction - Dyer Meakin Breweries Ltd. v. State of Kerala - (1970) 26 STC 248 (SC).
Freight and transport charges for delivery of goods - Generally, CST is payable only on ex-works price and no CST is payable on freight and transport charges. However, CST is payable on freight charges if (a) Freight charges are not shown separately in invoice or (b) Contract is for FOR destination
Freight and delivery charges incidental to sale only are deductible - Freight and delivery charges allowable as deduction are only those which are incidental to sale. Thus, in case of sale of goods from depot, transport charges from factory to the depot cannot be allowed as deduction - Dyer Meakin Breweries Ltd. v. State of Kerala - (1970) 26 STC 248 (SC).
Freight and transport charges for delivery of goods - Generally, CST is payable only on ex-works price and no CST is payable on freight and transport charges. However, CST is payable on freight charges if (a) Freight charges are not shown separately in invoice or (b) Contract is for FOR destination
Message likes :
4 times
02 March 2009
CST NOT APPLICABLE ON FREIGHT
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reopen of assessment proceeding
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Gift Received from nonblood relative
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- FTS Taxable under 115A
- Experts need help
- Rental income gst and it purpose
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
