i am raising invoice as per below
Sale Amount : Rs. 10000 +Transport: Rs. 1000 = Total Rs.11000. now as per local LVO they say that taxable amount is 11,000. pls clarify me that should i collect tax on the transportation (As per Karnataka VAT)
and when iam filling e-sugam what value to be entered in Taxable Value coloum and Other coloum.
Vat will be calculated on value of goods sold i.e 10000 and not on transportation value and transportation value is entered in others column. read the meaning of goods as per VAT act
N N V Satish & Co.,
Hyderabad
CA Inter
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M N Rao & Associates LLP
Vijayawada
CA Inter
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CCI
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