Interested to Buy Any Domain ? << Click Here >> for more details...
Is VAT & CST should be charged on Freight charges or not.
- 15 Answers
- 112011 Views
- LGC Promochem, Rajat Cement, RCC Laboratories India Private Limited, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / ca frb
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 ? | 119 Yes | 33 No |
Answer / ca dvbreddy
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 ? | 73 Yes | 12 No |
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 ? | 119 Yes | 70 No |
Answer / manpreet
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 ? | 19 Yes | 2 No |
Answer / biswanath das
As per my opinion vat should be calculate on delivery e.i
bill amount+freight+vat
| Is This Answer Correct ? | 43 Yes | 27 No |
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 |
Answer / pardeep
no vat & CST is to be charges on freight charges
| Is This Answer Correct ? | 93 Yes | 86 No |
Answer / vinod.p
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 ? | 14 Yes | 11 No |
Answer / ca kunal bhutada
Applicability of VAT on freight/transport charges is depends up on terms mentioned in the PO. If the term is ex-factory then VAT is not appliable on transport charges . If the term is "delivery at site " then VAT is applicable. Kindly verify your PO terms.
Point of delivery. ( transfered of risk to buyer is important factor to decide whether vat is charged on freight amount or not)
Under MVAT act, 2002 all the expenses incurred for delivering the goods to the customer are liable for VAT except insurance , octroi .
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / gokul
VAT Is chargeable on Freight
CST NOT TO BE
CHARGES ON FREIGHT.
| Is This Answer Correct ? | 0 Yes | 0 No |
Which form we use for depositing TDS?
TDS Reimbursment? Iam 2 tipper owned small transporter and TDS diduct in my transport bills. can any body tell me how can i reimburse my TDS and what are the procedure for reimbursment and what are forms, papers to be required, tell me please.
Hello all , I have a doubt regarding TDS.My salary ranges between 22k to 26 k per month and i have a TDS component cut every month.My doubt is that what is the % of tax ? what are the ways i can get back my TDS and what are the methods that can help reducing tax .And my another doubt is that whether the tax is calculated only on the basic pay or on the whole salary I get ? because my salary has HRA in its component ,will that also be counted in tax calculation or excluded ?
Can it be prssible, If any person purchase Reliance life insurance policy with nepal residence address profe. If yes then who can deposit nepal curancy in indian branch.
If I sale old fixed assets then what will be its entry passed. In loss as well as in Profit condition. Plz. advised me with example.
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 ?
What will be the TDS deducted for Net salary of Rs. 10,500 for month
what is mean by vat (value add tax) what is that value, is it gross amount of purchase/sales, or it net of amount of pur/sales - on which it will calculated, i need with example
Please send me the chart for Input tax restricted goods
I have purchase one air ticket from a travel agency. They allow 3000 rupees ticket to me for the total ticket purchase.But they debited staturoty TDS to me. I ask them for the legibility of this, they replaied they had received commission from airlines and airlines catch TDS from them and naturally it comes down to sustomers also. But my doubt is Airlines are allowed commission to Travel Agency and Travel Agency are not shared commission-they allowed discount. So is this TDS is applied for me or not?
1. what are the ledgers to be open for service tax accounting & under which group in tally? 2. what is the journal entry to be pass when adjusting input & output service tax at the end of the month? Regards Sakthivel sakthi_135@hotmail.com
what is TDS and which apply on and its what is diffrent rates on diffrent items.
Audit 
