Is VAT & CST should be charged on Freight charges or not.
- 15 Answers
- 108768 Views
- LGC Promochem, Rajat Cement, RCC Laboratories India Private Limited, I also Faced
- E-Mail Answers
Answer Posted / suman
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 ? | 23 Yes | 14 No |
Post New Answer View All Answers
We have paid service tax of March Bills on 30 March. we forgot to include some bills for service tax, now we can deposit the tax in april/may and how we enter the tax..in tally....
What items come under deferred tax liability?
Our business is an international call center. we are selling antivirus which is buying rs 200 & selling Rs 4500.what will be the purchase & sales.& what will be taxation processor to calculate tax
What is c.s.t slab on furniture & fixture ?
What's format of CMO & CMA Data?
I have some queries about Service Tax, I am working in a Insurance Broking Company. 1) We have raised one bill on 25.04.09 for the services provided by us in the month Mar, 09 Now We received the chq on May, 09 followed in the Month of June,09. When the service tax is actually payable in the month of received of Service tax amount or in the month of services actually provided by us (Mar09) 2) Can we take 100% credit of Service Tax Input paid to those who provided services to us. Suppose Service Tax payable is Rs. 100/- and Service tax charged by the other firms/company Rs. 80/-. The question is That can we deduct Rs. 80/- (already paid). Now Net ST payable would be Rs. 20/- or other percent of service tax input is available 3) What is the rate of interest for Service tax if not paid on time. Pls help me out asap
Sir My, Que. We recived hotel housing & bording charges so i have dedu. tds when section
What is Excise duty? What is Edu Cess & Sec Edu Cess? Why and when it is applicable? What is Excise Claiming?
what the procedure of filing mvat pls. explain in briefly ?
HOW TO CALCULATE PF, ESI, VAT, SALES TAX ETC.,
If we are placing the order in amazon on behalf of the customer who is ordered from other e-commerce sites and the goods is directly billed to the customer address from the amazon sellers and for the same we are receiving some profit at that in our books of account what entries need to be passed...?? do i eligible to get the ITC on the GST amount paid..??
If any body have knowledge for vacate position for the post of Accountant kindly mail me verma_moti@yahoo.co.in (handling Accounting upto finalisation,Sales tax/vat,TDS,Service Tax,Excise tax and MIS.
what is the difference between vat 100 and vat 120?
How many heads are there under total income?
how to calculate of FBT with example & what is Rate
