Valuation
This query is : Resolved
15 October 2009
Suppose if I am selling MS Pipes which is liable to excise duty.For that I had made a invoice and charged excise on the same. Now I am also showing Freight charges charged on the party after valuing the goods(incl.excise on the same). I want to know whether freight is liable to Service tax or Excise since I am showing it in the excise invoice. I have also my service tax regn. no. PRESENTATION :
Goods value xx
excise xx
____
total xx
freight xx
s.tax xx
_____
total invoice value xx
Is this a fair practise?
Goods value xx
excise xx
____
total xx
freight xx
s.tax xx
_____
total invoice value xx
Is this a fair practise?
16 October 2009
Your format of Invoice is correct
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