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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1900)
 Accounting General interview questions  Accounting General Interview Questions (2813)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4364)
Question
Is VAT & CST should be charged on Freight charges or not.
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
AS PER MY OPINION VAT SHOULD BE CHARGED ON FRIGHT IF TO BE
BILLED BUT IN CASE OF CST ITS VERY CLEAR THAT CST NOT TO BE
CHARGES ON FREIGHT.

IF ANY CLEARIFICATION ON THIS MATTER PLS FORWARD THE SAME.
 
Is This Answer Correct ?    57 Yes 17 No
Ca Frb
 
Answer
# 2
vat is a value added tax which is leived in case of
manufacturing & cst is leivied when inter or intra state
transaction is made on freight charge vat &cst is not
caluculated but freight was related to service so service
tax is caluculated on it
 
Is This Answer Correct ?    93 Yes 55 No
Ravipolina
 
 
 
Answer
# 3
VAT Is chargeable on Freight (transporatation of goods) in
case Transport is providing by the same Party.
In case Tranporatation by some other party then Service tax
is applicable on the Freight.
In case of CST Tranactions it is clear that VAT is not
applicable on Freight
 
Is This Answer Correct ?    29 Yes 6 No
Ca Dvbreddy
 
Answer
# 4
As per my opinion vat should be calculate on delivery e.i
bill amount+freight+vat
 
Is This Answer Correct ?    27 Yes 14 No
Biswanath Das
 
Answer
# 5
no vat & CST is to be charges on freight charges 
Is This Answer Correct ?    79 Yes 67 No
Pardeep
 
Answer
# 6
If the Freight is included in Invoice we need to pay VAT. If it possible to find Seperatly freight charges, no need to pay VAT or CST. Only Service Tax is to pay. Now VAT is 4% and Service Tax is 10.3% to get benfit of Tax, all Traders are computing VAT on freight.

strictly speaking Service Tax is applicable to Freight. No CST or VAT
 
Is This Answer Correct ?    18 Yes 9 No
Suman
 
Answer
# 7
VAT or CST is not applicable for Freight or Packing and Forwarding Charges if it is mentioned and collected in the invoice separately. But at the same time freight or packing charges shall not be a part or included in the price. ie, there shall not be direct relation with freight and Price.Example. if freight is charged as a percentage of price , it will be taxable. 
Is This Answer Correct ?    8 Yes 5 No
Vinod.p
 
Answer
# 8
no CST is to be charges on freight charges.but Vat is to be
charges on freight in the same state.
 
Is This Answer Correct ?    2 Yes 0 No
Manpreet
 
Answer
# 9
As per my opinion vat should be calculate on delivery e.i
bill amount+freight+vat+vat, in state, other than state it
should be calculate cst. how i know corrent answer. you are
giving only rank not answer
 
Is This Answer Correct ?    12 Yes 12 No
Biswanath Das
 
Answer
# 10
Re: Is VAT & CST should be charged on Freight charges or not. if yes ,, so please guide ruls no. 
Is This Answer Correct ?    0 Yes 0 No
Ankit Patel
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
what is F form E-I form and E-II form?   2
What is the limitation of loan given from one private company to other proprietors company, if any restirction is there. Please explain and how it affect income tax point of view? PNG-Power 1
if we have amc any vendor 30,000 pa. should we deduct TDS TCS 12
If I install a landline connection and initially pay some security, after that am I liable to pay service tax or sales tax,both or none?   1
What should be the TDS Deduction for technical consultancy received from Malta to an Indian Company   2
what is caluculate PF what is fill the rates in the challan   1
is WCT TDS should deducted on gross value (basic+service tax)?   4
What are the criteria to avail lower deduction of TDS & why the lower TDS deduction certificate issued?   3
Is VAT & CST should be charged at a time on one purchased item? please give more clearity on this issue?   4
what's the rate of cst applicable on computer items.   1
what do you mean by return in taxes   1
What is Inter Company Reconciliation? TCS 10
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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