We are Pvt Ltd company in punjab, we are importing goods from gujarat and depositing the entry tax while goods entering in punjab on goods value + freight @ 4.5%. After entering in the state we sold the goods to the end consumer directly without taking the delivery of the goods & generate VAT 4.95% invoice only on goods value after add profit (Without including freight). Now the question is that.
1. Can we endorse the freight bilty in VAT billing case?
2. If, we can endorse the freight than is their any service tax liablity on us? (Because we are consignee in gujarat bilty & mentioned service tax to be paid by consignee)
CAclubindia
