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 ?
Menu
VAT
Replies (1)
| Originally posted by : Pavan | ||
 |
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 ? |
 |
- 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.
Recent Topic
- TIS Glitch Alert : inflated summary
- IT returns of partners
- Challan status in Payment Failed but amount deduct
- Sec 54 exemption
- Query regarding retirement benefits
- TDS Payment and filing
- Capital gains exemption under sec 54
- Revamped traces portal, conso file download failed
- Due date of ITR for Option Trader
- Cancelled invoice entry
Related Topics
CAclubindia
