Can fright charges be included to calculate vat amount?
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yes , freight is chargeable for vat , if invoice is made
without vat of freight and freight is shown in invoice i.e
amount of goods + vat= total amount+freight =grand total
while you assesement will took place you will have to pay.
so while raising invoice freight should be included and
calculation of vat should be= Total amount of
material+freight +vat of material and freight. if you are
not doing so you will have to pay vat on freight on assesment.
Is This Answer Correct ? | 13 Yes | 1 No |
Answer / bharat
no because vat is a type of value addition tax.
freight is not included in value addition.
Is This Answer Correct ? | 12 Yes | 5 No |
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