CCI Online Learning
What do you want to learn today?
     
CIBIL

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Freight/ Transport charges

This query is : Resolved 

Dear Team,

We are a manufacturing company from Telangana.
Can you please advise under which head in tally should we enter Transport/ freight charges for export sales?
We export the manufactured product wherein a few cases the client pays us the transport charges and we pay it to the transporter, hence generate an invoice for transport or freight charges also to the client.
Should it be under direct income or Exports?
Should this value of transport be added to the value of exports for that year ( i.e., if we are considering value of exports for a financial year should value of transport invoice also be added to exports )?


Consider it under exports.

This should be included by you in FOB value of Goods exported. You shall be eligible for export incentives also

Thank you so much for the replies.


You need to be the querist or approved CAclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :





Trending Tags
ca exams
taxpayers
gst portal
dgft
rbi
Excise
exams
VAT
csr
aatmanirbhar bharat
law
ca
sebi
students
icai
newgstreturn
corporate law
companies act 2013
tds
accounts
gst council meeting
esic
itc
close
GST Live Class