In a Tax Invoice when goods are sold by a Company, it is collecting a fixed amount towards Freight & Courier Charges.
This is also displayed in the Tax Invoice as a separate line item.
Is this amount liable for Sales / Service Tax ?
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| Originally posted by : Pavan | ||
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In a Tax Invoice when goods are sold by a Company, it is collecting a fixed amount towards Freight & Courier Charges. This is also displayed in the Tax Invoice as a separate line item. Is this amount liable for Sales / Service Tax ? |
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- mentioning such items in "tax invoice", which are non vat just lead a confussion in turnover and return filing, as tax invoice is made for taxable items only.
- if u take these freight under turnover then taxable, if shown in proper place at return and deducted, then u can claim deduction, but in total its confussing, coz total turnover indicates the value including freight. so the assessing officer is bound to take these as taxable.
- use debit notes for such transactions.
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