Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


Can fright charges be included to calculate vat amount?

Answers were Sorted based on User's Feedback



Can fright charges be included to calculate vat amount?..

Answer / m.l.v

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

Can fright charges be included to calculate vat amount?..

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

Can fright charges be included to calculate vat amount?..

Answer / deblina chakraborty

Is freight is chargeable to VAT.

Is This Answer Correct ?    5 Yes 2 No

Post New Answer

More Taxation Interview Questions

what is the working capital

5 Answers  


Total amount inclusive of tax is 1,00,000 1) ST @ 14.5% on 30% of value 2) COT @ 4% on 100% of value Please find the answer?

1 Answers   GW,


What is TCS? Are the rates of TDS and TCS same??

22 Answers  


what is the rate of wct in india ie delhi ncr and who can veryfiy the same and what is the commond and check list applicable for an taxman/ officer

3 Answers  


life memebership fees receved by an non profit organisation is treated as: 1)Revenue Receipt 2)capital receipt 3)deferred revenue receipt 4)both revenue and capital receipt

1 Answers  


While issue of C form to the seller, c form can be issued on either before @ 2% CST or after @ 2% cst. If so, what is the logic.

5 Answers  


I want to know how to calculate service tax when I have made bill of Rs. 50000/- (Inclusive of service Tax)

4 Answers  


Can VAT and Service Tax charged on Same amount.

1 Answers  


If we use google licence in our office for one year.Google raised invoice annualy. so that on which section tds will be deducted.

0 Answers  


if you write asessment year in place of financial year in it return , then what will happen?

0 Answers  


Exaplaine about RITC & how it calculated?

1 Answers  


How much in the inter state tax CST For the LPG Stove

1 Answers  


Categories