Import Purchases
This query is : Resolved
22 June 2010
I want to file DVAT Return of A Dealer for this Month.
The Dealer has made Import Purchases for this Month.
I want to ask which expenses can be included for Import Purchases to be shown in DVAT Return "if possible quoting relevant section , rule of DVAT for such Transaction)
Expenses Like Freight, Custom Duty, Shipment ,Clearing & Forwarding Agents Bill, etc.
Also , at what Exchange rate should the Invoice be booked?
The Dealer has made Import Purchases for this Month.
I want to ask which expenses can be included for Import Purchases to be shown in DVAT Return "if possible quoting relevant section , rule of DVAT for such Transaction)
Expenses Like Freight, Custom Duty, Shipment ,Clearing & Forwarding Agents Bill, etc.
Also , at what Exchange rate should the Invoice be booked?
Ram Avtar Singh
(Expert)
23 June 2010
All Exps up to ICD will be treated as purchase import.and shwo in vat return
Cartage ICD to Factory will book in cartage and pay service tax.
Cartage ICD to Factory will book in cartage and pay service tax.
Ram Avtar Singh
(Expert)
26 June 2010
when you will sale this amount you will charge all cost and profit at the time of sale. its a common things.
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