Can VAT & Service Tax be in Same Invoice?

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Sathish Kumar

Branch Accountant - Bangalore

25 Points Posted on 29 September 2010

Hi All,

Can we charges VAT & Service tax in the same invoice ?

ex - We sell VAT commodity goods to customer RS.5000.00 and charging Agency Charges 1000/- for fixing and Transportation/Freight 1000.00 in this case can we charge VAT on Rs. 5000/ and ST on Rs.2000.00 in the same Invoice.

Please clarify the same.

Replies (6)

Guest

Posted on 30 September 2010

YES Dear

You can charges VAT & Service tax in the same invoice???

Harsha

Chartered Accountant CS (Final)

216 Points Posted on 30 September 2010

Yes, you can charge VAT &Service TAx on the same invoice. Mention both ST Reg no. & TIN no. on the Invoice. Please charge ST only on Agency charges, for freight don't charge

Sathish Kumar

Branch Accountant - Bangalore

25 Points Posted on 30 September 2010

Hi Harsha,

Why we should not charge ST on Transportation/Freight as it is not actual reimbursement it carries profit .

Can we include Transporation/Freight on assessable Value of commodity and charge Karnataka VAT ?

SP Sami

Consultant

76 Points Posted on 20 October 2010

First of all the vat is calculated for all added items in a sale invoice including freight and service charges etc. It is better to raise seperate invoice for service charges alone (not freight) and you can get vat benefit to that extend.

regrds

S Periasamy