19 March 2010
WHEN SUPPLIER SUPLY GOODS ON DOOR DELIVERY BASIS I.E PRICE INCLUSIVE OF FREIGHT.BUT HE SEPERATELY NOT SHOW FREIGHT AMOUNT.WHETEHER ST & TDS LIABILITY IS DISCHARGE BY SUPPLIER OR BUYER.
1. IF SUPPLIER HAS TO DISHCRGE..THEN WHAT DOCUMENTS SHOULD WE HAD FOR OUR SAFE GAUARD?
2. IF IT IS ON US THEN ...SHOULD WE HAVE TO ASSUME FEIGHT FIGURE AND DEPSOIT THE TAXES. AND TDS WILL BE DECUTED FROM SUPPLIER ACC.?
19 March 2010
See, If supplier is not separately charging for Freight it means that it is inclusive amount. Liability of Service Tax & TDS Deduction is also on Supplier as he is the person receiving the services. As he has not charged any amount to you for freight it means you have only paid for Goods & not for Freight.
To be on safer side, You can either ask for copy of challan through which supplier has paid service tax on Freight or You can ask for a declaration by the supplier stating that the Service tax will be borne & paid by him & there is no liability on you for the same.
CAclubindia
