Vat


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24 June 2014 is vat applicable on delivery charges on goods supply

24 June 2014 No it is applicable on value added like labour & expenses added to the cost of goods.

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24 June 2014 please explain with example

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 June 2014 please explain with example

24 June 2014 Purchase goods - 100
Add: Labour - 20
Add: Manu. Exp - 30
Add: Profit - 50

Total 200
Vat applicable on 200.

Suppose u sold goods valued Rs. 200 to "A" and incurred freight charges 40. So VAT will b applicable on 200/- only n not on 240
.

28 June 2014 if you charge on bill then vat is applicable


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