VAT on Transportation cost shown in invoice(gujarat)
This query is : Resolved
Guest
Guest
(Querist)
18 November 2008
Hi Experts
Definition of Sale price under VAT Act.
“sale price” means the amount of valuable consideration paid or
payable to a dealer or received or receivable by a dealer for any sale
of goods made including the amount of duties levied or leviable under
the Central Excise Tariff Act, 1985 or the Customs Act, 1962 and any
sum charged for anything done by the dealer in respect of the goods
at the time of or before delivery thereof...
Now Whether Transportation exp. for delivery of the goods (in relation to sale i.e. from seller to buyer) incurred by seller and charged in Invoice separately is to be inculded in SALE PRICE for the purpose of calculating VAT on it.?????
Help experts..
Thanks
Rohit
Definition of Sale price under VAT Act.
“sale price” means the amount of valuable consideration paid or
payable to a dealer or received or receivable by a dealer for any sale
of goods made including the amount of duties levied or leviable under
the Central Excise Tariff Act, 1985 or the Customs Act, 1962 and any
sum charged for anything done by the dealer in respect of the goods
at the time of or before delivery thereof...
Now Whether Transportation exp. for delivery of the goods (in relation to sale i.e. from seller to buyer) incurred by seller and charged in Invoice separately is to be inculded in SALE PRICE for the purpose of calculating VAT on it.?????
Help experts..
Thanks
Rohit
18 November 2008
you have mentioned befour delivery then delivary charges is exceptional & no vat on Cartage.
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
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- LC charges in relation to Asset purchased should be Capitalised ?
- FORM 26A APPLICABILITY
- Regarding TDS Applicability For Director Remuneration
- Copyright software
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
