Vat on the packing charges

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 May 2014 Dear Sir,

Whether Vat can be collected on the packing charges of an item .

Eg: Item cost Rs.500.00
Packing charges 50.00

Vat @ 5 % 27.50

Total bill = 577.50

Rupesh Jain

Rupesh Jain (Expert)
Follow

30 May 2014 yes you can charge VAT on packing charge also.

your calculation is right if your finished goods and packing charges come under VAT rate 5%

Message likes : 1 times

Guest

Guest (Expert)

30 May 2014 yes dear..........................

Message likes : 1 times

Upgrade to CAclubindia Pro. Subscribe Now!