Vat on freight
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 February 2013
To,
Dear All
We are purchasing material from authorized dealer of Reliance, after the excise duty he add the freight charges and levy the VAT on total, now my question is that whether to show freight separately or include it in the net purchase amount.
Thanking you
Dear All
We are purchasing material from authorized dealer of Reliance, after the excise duty he add the freight charges and levy the VAT on total, now my question is that whether to show freight separately or include it in the net purchase amount.
Thanking you
Vishnu Saboo
(Expert)
26 February 2013
Freight is part of taxable value for VAT.
paid frieght on material must be part of cost of material.
paid frieght on material must be part of cost of material.
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