Question

This Standard is mandatory in nature for enterprises which falls under one or more of the following categories, at any time during the accounting period:

(i) Enterprises whose equity or debt securities are listed whether in

India or outside India.

(ii) Enterprises which are in the process of listing their equity or debt

securities as evidenced by the board of directors

this regard.

(iii) Banks including co-operative banks.

i am doing audit of a chemical factory(in maharashtra)..... i struck up with a query that in case of sales vouching.... i found that in some invoices the freifgt is charged before vat / cst ...... & in others the freight is charged after vat / cst, so while calculating vat / cst freight is to be considered or not ?

Another...............Doubt...............

whther tax collected at source is to be charged after vat / cst it is calculated on the basic sales value of material......?