Dear Expert,
We have received CT-1 for procuring goods as follows
Qty 69000 Pcs
Value 109650
Duty 12.36% 13553
Here, we want to charge Fright Rs 2000/- i know that we can charge frieght sepratly by issuing debit note but If we want to charge it on Invoice can we do this or not and what about Excise Duty on Freight please clerify me.
Thanking You,
freight if shown separately in invoice is not chargeable to excise duty.
excise duty is a duty on production and manufacture and not a duty on profit earned from other sources
Sir,
I agree with the above para, but in the case
if you not charged the excise duty on the freight amt then your liability to be created on Service-Tax under GTA Service.
If you paid Excise duty incl. freight amt then your liabilty not credited on Service-Tax under GTA amt.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
