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.
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