Menu
Tax credit
If amount levied on fright which is on the bill and tax has been calculated on the bill i.e. including friegh....shoul crdit availble on freight. ???
Replies (7)
Yes credit available... If freight included in bill and gst has been charged on it
can you tell me an example..??
If bill amount is Rs. 100 and freight amount is Rs. 10 and Gst will be charged on Rs.110 then credit is avilable on Rs. 100 or Rs. 110..????
Credit will be available on 110
If freight is included in bill then gst rate applicable on freight is that item rate... Suppose goods is taxable at 18% and freight is included in that bill.. Then gst on freight is also 18%
If freight is directly paid by buyer then GTA provision is applicable
Plz refer section 15(1) of cgst act
Recent Topic
- While e filing otp not generating
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
- GPF AND COMMUTED PENSION RECEIVED
- How do I choose the correct trademark class? Can I
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
Related Topics
CAclubindia
