plz solve my query
This query is : Resolved
12 February 2011
i am working in small company
i have a query
we are purchasing something
party is giving us bill adding transportation charges with the ammount and then add VAT on the Total Amount
this bill is wrong or right
i want to know
For Exemple
purchase Amt 100000
Transpotation 3000
VAT on total 1030
total bill Amt 104030
this is correct bill or not tell me sir
because Vat is on Purchase and not on transportation
so on purchase amt 5% VAT is applicable
and then after applying Vat transportation charges will be applicable
right na sir
plz explain me
i have a query
we are purchasing something
party is giving us bill adding transportation charges with the ammount and then add VAT on the Total Amount
this bill is wrong or right
i want to know
For Exemple
purchase Amt 100000
Transpotation 3000
VAT on total 1030
total bill Amt 104030
this is correct bill or not tell me sir
because Vat is on Purchase and not on transportation
so on purchase amt 5% VAT is applicable
and then after applying Vat transportation charges will be applicable
right na sir
plz explain me
14 February 2011
It is Right as I know.
Because Department consider that it is shown separate for purpose of saving VAT.
So department consider transportation + sales value to calculate VAT
Because Department consider that it is shown separate for purpose of saving VAT.
So department consider transportation + sales value to calculate VAT
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