Final
183 Points
Posted on 17 December 2022
TANKER IS IN THE NAME OF PARTNERS OF THE FIRM
TANKER IS USED FOR THE PURPOSE OF BUSINESS TO TRANSPORT TAXABLE GOODS (EDIBLE OILS)
WE ARE SHOWING TANKER AS ASSET IN THE FIRM BALANCE SHEET.
FREIGHT CHARGES COLLECTED BY ADDING TO SELLING PRICE OF PALMOLIEN OIL.
IS THERE ANY POSSIBILITY TO LEVY GST ON FREIGHT CHARGES AS THE VEHICLES IS NOT IN THE NAME OF THE FIRM.