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 Threads
- Who is responcible to pay GST Liability (If Servi
- Excess Payment on RCM
- AOC4 auto population of previous year data
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
Related Threads
CAclubindia
