Gujarat vat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 September 2013
If contract is entered into by purchasing company with seller on the basis of "to pay freight" (I.E. Freight is paid by purchaser) My question is that can seller charge VAT on total amount (including Freight Amount) ???
30 September 2013
Its depend upon your accounting method
some are doing and some are not doing
but both are correct method
nothing is going to be wrong even if not collected then no need to deposit or if collected then deposit by doing calculation
Basic Value + All Charge/Expense= Total + tax @__ = total including tax
Basic Value + tax @ ___ = total + All Charge/Expense = Grand Total
some are doing and some are not doing
but both are correct method
nothing is going to be wrong even if not collected then no need to deposit or if collected then deposit by doing calculation
Basic Value + All Charge/Expense= Total + tax @__ = total including tax
Basic Value + tax @ ___ = total + All Charge/Expense = Grand Total
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