Vat on freight for tax invoice

Mahavat 714 views 1 replies

Dear All,

I am an accountant, my one of the client  engaged in water supply of bisleri bottle. My client making tax invoice bill as under  and raise debit not for delivery charges seperatley.

 

Taxable Net Amount                10,000/-

VAT 12.50%                                  1,250/-

---------------------------------------------------

Taxable Amount               Rs.  12,250/-

Freight                               Rs.     2,000/-

--------------------------------------------------

Tax Invoice Amount         Rs. 14,250/-

============================

My client raised debit note for Rs.2000/-

While filing vat return my cleint shows sales figure for Rs.12,250/-

So my question is is this process is valid ?

Please reply me URGENT

Thanking you meanwhile.

 

 

 

 

 

Replies (1)

Yes, Supplier is Right....... if Supplier Charged Sales Tax on Gross (Including Freight) then he will show Gross Amount in Return.


CCI Pro

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