Mvat
This query is : Resolved
29 September 2013
freight in sale bill mvat applicable are not please clearify this matter
29 September 2013
According to MVAT, VAT is payable on sale of goods and not on services. Freight charges is just an service of transporting of good from one place to another so there will be no VAT on freight charges.
But if you have given bill calculating VAT on freight also, then you have to pay VAT as per Bill/Invoice Only
But if you have given bill calculating VAT on freight also, then you have to pay VAT as per Bill/Invoice Only
30 September 2013
MVAT is payable on the sale price of the goods sold. A sale price is defined in the Act. This includes the amounts paid or payable for transfer of property in goods and amounts charged for any service done till the delivery is made to the cusomer except the cost of transit insurance. This means freight and packing charges,evn if charged seperately,are liable for MVAT...mjk
08 October 2013
Yes I agree with MJK
26 November 2013
Agreed with MJK.
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
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
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
