let me know if a supplier in his invoice he has added
Transportation charges & on that he is charging Vat
whether vat is admissable on transportation Charges also ?
Basic + Excise + Transportation charges = X amount on X
amount Vat is chaged whether it is correct ( within State)
Purchase. & also let me know what rule is applicable for
Outside state ?
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Answer Posted / tax beginner
VAT Can not be charged on Freight or Transporation.
so for example
Basic - Rs.100/-
ED @10% - Rs. 10/-
Assesible Value Rs.110/-
VAT @4% - Rs.4.40
Net - Rs.114.40
Add : Transp. Rs.5/-
landed Cost Rs.119.40
If Transport is by outside Agency, it comes under GTA
Services and Service Tax is to be paid by Service Receiver
to Goverment after availing 75% rebate.
| Is This Answer Correct ? | 9 Yes | 5 No |
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