Can Any one clarify, " Vendor has cahrged CST on freight amount. " Is this payable to vendor.
Menu
CST on Freight
Replies (5)
I dont think CST is to be levied on freight charges. CST is only on the product cost and not on freight. However, VAT shall be levied in case of sale within the state on freight also as per the Karnataka VAT Act. Hope is the same in all the states.
agreed with Mr. Praveen
Definition of "sale price" under CST act excludes freight charges if the same is charged seperately in the Invoice.
So if the supplier showing the freight amount seperately in the invoice than CST is not applicable and hence need not to be paid.
Regards
Dayananda
all are right
| Originally posted by : DAYANANDA K N | ||
 |
Definition of "sale price" under CST act excludes freight charges if the same is charged seperately in the Invoice. So if the supplier showing the freight amount seperately in the invoice than CST is not applicable and hence need not to be paid. Regards Dayananda |
 |
agreed
Recent Topics :
- Representative assessee
- Investment Income as Business Income for Sec. 44AD
- In ITR 4 u/s 44ADA what amount we shoud show under
- Salary expenses how to treat
- Pos related issue
- Gift of unlisted shares to friend upon marriage
- Utilising Section 54(F) for capital gains reinvest
- GST ewaybill closure and Bill to ship to GST numbe
- TDS ON PARNTER INTEREST
- Share important chapters of ca inter costing
Related Topics :
CAclubindia
