VAT applicability on Freight
This query is : Resolved
10 March 2009
One of our vendor has raised Sales Invoice on us in which he included the freight charges. And on net amount he charged VAT ?
As per our Purchase Order terms freight is on our account.
Shall we book the invoice with full amount?
Thnx
Amit
One of our vendor has raised Sales Invoice on us in which he included the freight charges. And on net amount he charged VAT ?
As per our Purchase Order terms freight is on our account.
Shall we book the invoice with full amount?
Thnx
Amit
15 March 2009
YES
16 March 2009
Dear Sir
But is it true that vat is applied on freight charges also ?
Kindly advise
Amit
But is it true that vat is applied on freight charges also ?
Kindly advise
Amit
01 June 2009
Yes, go thru the defination of "Value of goods" under sec 2.
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
- Depreciation of fixed assets- coop housing society in mumbai
- TDS on Consultancy- Non DTAA
- Reopen of assessment proceeding
- Rental income gst and it purpose
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Gift Received from nonblood relative
- EPF FULL & FINAL RULES IN 2026
- Management System (IMS)
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
