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Vat on freight

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 February 2013 To,

Dear All

We are purchasing material from authorized dealer of Reliance, after the excise duty he add the freight charges and levy the VAT on total, now my question is that whether to show freight separately or include it in the net purchase amount.

Thanking you
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Vishnu Saboo

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Vishnu Saboo (Expert)
26 February 2013 Freight is part of taxable value for VAT.
paid frieght on material must be part of cost of material.

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