Purchase goods from reg dealer through transport and I pay transportation charge around rs.75000/-against a transaction. But transpoter (Not GTA) did not issue any invoice or consignment note or any money receipt . And dealer also mention SELF TRANSPOTATION in this tax invoice.in this case what will I do? Can I put this expenses in my P & L A/C ?
Please reply as early as possible Thanks in advance
14 August 2017
View is for GST only. For income tax the expenses are allowed, applicable TDS to be deducted, there has to be proper supporting for transportation and payment.
15 August 2017
Dear sir I include handling charge(18%) also in my invoice.but when I purchase the dealer make invoice taking handling charge without gst. In this case my tax liability become huge. Please sir suggest what to do to avoid this difficulty..
15 August 2017
Dear sir I include handling charge(18%) also in my invoice.but when I purchase the dealer make invoice taking handling charge without gst. In this case my tax liability become huge. Please sir suggest what to do to avoid this difficulty..
15 August 2017
You are correct method...
If you add any charges in your invoice then you can calculate tax in that charges.....
(my tax liability become huge? How is it?)
You collect Tax from other hand. and forward to govt. We all are follow govt rules)
CAclubindia
