Can fright charges be included to calculate vat amount?
Answers were Sorted based on User's Feedback
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 |
what is quarterly due dates and form numbers for vat?
What is TDS
Please help me to find VAT Rates of the follwing Items in A.P 1.Fiber Glass -CSM -Roving W.R Polyster Resin G.P{general purpose)Roofing,ISO Thanks & Regards Mohan .V
Why buyer have to issue C forms & what is the issue
can i adusted our vat credit in W.C.T. payable?
Wat is capitalgains?
WHAT IS PENALITY FOR LATE SALE TAX RETURN
how to enter annual maintenance service bill in account?
Define deferred tax liability? What items come under deferred tax liability?
can TDS be deducted(in Jharkhand) from the bill of a supplier who supplies goods from Delhi to Jharkhand taxable @12.5% under jharkhand VAT ACT?Whether Entry tax is also deductible in this case
sir, please suggest me. If in case work contract, wct not deduct by principal contractor then what is the consequence ? I mean please clear me if the principal contractor not deduct wct then is the contractor (sub) liable to pay wct ?
Define previous year.